Muthoot Finance shines on getting green signal from RBI to open 150 new branches
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Muthoot Finance is currently trading at Rs. 1053.05, up by 10.95 points or 1.05% from its previous closing of Rs. 1042.10 on the BSE.
The scrip opened at Rs. 1042.15 and has touched a high and low of Rs. 1089.85 and Rs. 1041.35 respectively. So far 36616 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1722.55 on 15-Nov-2021 and a 52 week low of Rs. 961.05 on 29-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1089.85 and Rs. 961.05 respectively. The current market cap of the company is Rs. 42162.80 crore.
The promoters holding in the company stood at 73.37%, while Institutions and Non-Institutions held 21.80% and 4.83% respectively.
Muthoot Finance has received permission from The Reserve Bank of India (RBI) for opening 150 new branches. The company now has more than 5000 Pan-India branches.
Muthoot Finance is a non-banking financial company (NBFC), which is engaged in providing loan (financing) against collateral of gold jewelry. The company offers gold loans, foreign inward money transfer services, foreign exchange services, insurance broking etc.
