Gold Financing Companies fall after RBI Governor announces guidelines on gold loans
Stocks related to the Gold Financing Companies declined following RBI Governor Sanjay Malhotra's announcement that the central bank would soon issue comprehensive guidelines on gold loans.
Muthoot Finance is currently trading at Rs. 2064.65, down by 229.40 points or 10% from its previous closing of Rs. 2294.05 on the BSE. The scrip opened at Rs. 2300.10 and has touched a high and low of Rs. 2302.90 and Rs. 2064.65 respectively. So far 34516 shares were traded on the counter.
IIFL Finance is currently trading at Rs. 313.00, down by 20.60 points or 6.18% from its previous closing of Rs. 333.60 on the BSE. The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 332.60 and Rs. 305.55 respectively. So far 81771 shares were traded on the counter.
Manappuram Finance is currently trading at Rs. 224.15, down by 4.75 points or 2.08% from its previous closing of Rs. 228.90 on the BSE. The scrip opened at Rs. 228.00 and has touched a high and low of Rs. 228.55 and Rs. 221.75 respectively. So far 167723 shares were traded on the counter.
.jpg)
