Muthoot Microfin gains on expanding footprint into Assam
Muthoot Microfin is currently trading at Rs 165.95, up by 1.20 points or 0.73% from its previous closing of Rs 164.75 on the BSE.
The scrip opened at Rs 165.80 and has touched a high and low of Rs 166.65 and Rs 164.10 respectively. So far 4032 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 247.05 on 31-Jul-2024 and a 52-week low of Rs 118.65 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 181.00 and Rs 160.85 respectively. The current market cap of the company is Rs 2827.61 crore.
The promoters holding in the company stood at 55.47%, while Institutions and Non-Institutions held 25.88% and 18.65% respectively.
Muthoot Microfin has opened its first branch in Mirza, Guwahati, Assam, taking the total count to 21 states and union territories. Strategically located, the branch is well-positioned to serve the greater Guwahati metropolitan area along with surrounding rural communities, thereby enhancing access to rural credit and contributing to the strengthening of the local financial ecosystem. This expansion represents a pivotal step in the company's mission to reach new untapped markets and deliver vital financial services to underserved communities across India's Northeast region.
Assam’s inclusion marks the company’s entry into one of India’s promising yet underserved microfinance markets. The Northeast region, known for its vibrant micro-enterprise ecosystem and strong tradition of women-led businesses, presents significant opportunities for sustainable growth. The company’s proven success in rural markets positions it well to cater to the unique socio-economic dynamics of the region.
Muthoot Microfin is primarily engaged in providing financial assistance through micro loans to women engaged in small income generating activities.
