Manappuram Finance shares fall 3% after Q4 earnings: Here's why Jefferies, other brokerages are bullish

Manappuram Finance shares dipped despite a strong Q4 FY26 profit, driven by a surge in gold loans. While brokerages like Jefferies turned bullish, upgrading to 'Buy' with a higher target, others like Morgan Stanley maintained caution. The company announced an interim dividend alongside its results, with the gold loan segment significantly boosting revenue.