This recently listed NBFC stock climbed 6% on November 29; key reasons here

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This recently listed NBFC stock climbed 6% on November 29; key reasons here - Business Standard

Quick Summary:

The rise in the Manba Finance counter came after the company announced that it has achieved the highest ever asset under management (AUM) of Rs 1,200 crore till date.

The company claims to be a leader in Auto Finance (two wheeler) for the last 15 years and has a 97 per cent portfolio of secured assets.

The company is now focussing on leveraging its existing branch and location set up by adding new products,” Manba Finance said in a statement.