Shares of Manappuram Finance today surged by over 9 per cent, bouncing back smar tly after a 20 per cent

plunge yesterday amid a RBI warning to the company again st accepting any public deposits. After a weak opening this morning, the stock posted a smart recovery and settled at Rs 49.30 at BSE, up 8.35 per cent from its yesterday closing price. At the NSE, the stock closed 9.52 per cent higher at Rs 49.45. A strong broader market also aided the uptrend in the stock, with the BSE barome ter Sensex ending the day 84.87 points higher at 17,707.32. The Reserve Bank of India (RBI), in a press release posted on its website, had c autioned Manappuram Finance against accepting public deposits as the firm has co nverted itself into a non-deposit taking NBFC. Manappuram in a filing to the BSE today said that the "company does not accept a ny public deposits. However, it is accepting investments through secured non-con vertible debentures and subordinate bonds, which do not fall under the definitio n of public deposits." Board of directors of the company will meet on February 10, at Valappad in Thris sur, Kerala, to discuss the press release of the RBI.