India, Jan. 9 -- The shares of the Small-Cap stock, which specialises primarily in gold loans, being a pioneer NBFC in this space, but has diversified to offer a broad range of financial services, have been in the spotlight following a 10 percent decline in the stock. In this article, let's explore the reason for the fall.

With a market capitalisation of Rs. 24,208.03 crores on Friday, the shares of Manappuram Finance Ltd declined upto 9.9 percent, reaching a low of Rs. 278.45 per share compared to its previous closing price of Rs. 309.35 per share.

What happened Manappuram Finance Ltd, engaged primarily in gold loans, being a pioneer NBFC in this space, has diversified to offer a broad range of financial services, has been in the spotl...