Manappuram Finance got a solid boost on Thursday morning, climbing 6% after the RBI finally lifted loan restrictions on its microfinance arm, Asirvad Micro Finance. Investors cheered the news, pushing the stock up to ₹191.50 intraday—a clean 6% rise from its prior close of ₹180.05. The stock has seen its fair share of ups and downs, losing ground since its ₹230.05 peak. But don’t write it off just yet—it’s up over 32% since its October low of ₹138.40, showing some serious resilience. The lifting of RBI’s October 2024 sanctions, which had frozen Asirvad’s loan activities, is a major relief. With these curbs now a thing of the past, Manappuram’s Q4 could tell a brighter story when results roll out. Analysts had slashed earnings estimates for FY25 and FY26 by nearly 19% and 12%, citing regulatory hiccups and sector struggles. But with this regulatory hurdle cleared, there’s hope for a rebound. Elara Securities remains cautiously optimistic, keeping an “Accumulate” rating on the table. While the stock has taken a beating, it seems the correction is already priced in, setting the stage for a potential comeback. The market’s reaction today suggests investors are betting on a turnaround, and with fundamentals potentially improving, Manappuram’s story isn’t over yet.