NBFC Stocks Plummet: Manappuram Finance and IIFL Finance Share Prices Drop on Disappointing Q3 Earnings
2025-02-14
Business Line
Shares of non-banking financial companies (NBFCs) Manappuram Finance and IIFL Finance took a hit on Friday, plummeting 6% after the companies reported weak Q3 results that missed street estimates. The stocks had depreciated by as much as 13% and 8% in early trade, respectively, due to the disappointing earnings reports. This significant decline in share prices reflects the market's reaction to the companies' failure to meet expectations, sparking concerns about their financial health and future growth prospects in the finance sector, particularly in the NBFC industry.
