Investment - Manappuram Finance

Manappuram finance is ready for next move from here.
Stock price is a potential multiyear breakout candidate once weekly close above 229.
Company is trading at PE of 8.16 where as industry PE is at 22.9.
Company has huge FII holding of 33% increased from 27% in Q2 2023 & DII holding nearly 10%.
Promoter has marginally increased stake in the company.
Strong promoter group.

Please do your own analysis before taking any trade.