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Healthy gold loan growth but NIM compression leads to earnings miss * Muthoot Finance (MUTH)’s 1QFY24 performance was characterized by: 1) healthy gold loan growth at ~7% QoQ to reach ~INR660b, 2) ~70bp QoQ contraction in NIM; 3) higher ECL provisioning due to rise in Stage 2 and Stage 3; and 4) a moderation in cost-to-income ratio to ~29% (PY: ~35%) primarily owing to higher NII and lower advertisement & publicity expenses. * Standalone PAT grew ~22% YoY to ~INR9.75b (5% miss...
Neutral Muthoot Finance Ltd For Target Rs.1,290 - Motilal Oswal
India's Muthoot Finance reported quarterly profit growth for the first quarter in six, as record high prices spurred demand for gold loans. The gold financing company said its profit grew more than 21%, to 9.75 billion rupees ($117.81 million), for the first quarter ended June 30. Muthoot's interest income, which is the difference between interest earned and paid, rose 19.2%, to 29.58 billion rupees. Gold prices hit record high levels this quarter - high prices benefit gold loan...
India's Muthoot Finance posts first quarterly profit growth in six quarters
Below Quote On RBI Monetary Policy By Mr. George Alexander Muthoot, MD, Muthoot Finance The RBI hiked repo rate by 25bps today and maintained its stance of ‘withdrawal of accommodation’, this was largely on expected lines and also in line with consensus expectations. The macro-economic challenges still continue and core inflation remains sticky. However, the resilience of the Indian economy, firming up of urban consumption demand and improving rural demand reinfo...
View On RBI Monetary Policy By Mr. George Alexander Muthoot, Muthoot Finance
Key Highlights Highest-ever Quarterly Gold Loan Disbursement: Rs. 51,850 Crores All-time high Gold Loan Growth in any Q4: Rs. 5,051 Crores All-time high Interest Collection in any Quarter: Rs. 2,677 Crores Total Branches as on March 31, 2023: 5,838 with 259 new branches opened during the year Muthoot Finance certified as ‘Great Place to Work’ for 2 nd Year in a row by Great Place to Work Institute Opened 67 new branches in Q4FY23 Interim dividend for FY 23 of 220...
Muthoot Finance Q4FY23 Financial Results
Muthoot Finance is currently trading at Rs. 1038.90, up by 5.15 points or 0.50% from its previous closing of Rs. 1033.75 on the BSE. The scrip opened at Rs. 1028.20 and has touched a high and low of Rs. 1044.60 and Rs. 1027.65 respectively. So far 16660 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1345.95 on 21-Apr-2022 and a 52 week low of Rs. 911.40 on 16-Mar-2023. Last one week high and low of the scrip s...
Muthoot Finance rises on completing pre-payment of external commercial borrowings
Kochi: Muthoot Finance Ltd has announced its 31st Public Issue of Secured Redeemable Non-Convertible Debentures (Secured NCDs) of the face value of ? 1,000 each. The base size of the issue is ? 75 crores with an option to retain oversubscription up to ? 225 crores, aggregating up to a tranche limit of ? 300 crores (“Issue”). The Issue opened on April 12, 2023 and closes on April 26, 2023 with an option to close on an earlier date or to an extended date, as may be decid...
Muthoot Finance Ltd to raise Rs. 300 Crores through Public Issue of Secured Redeemable Non-Convertible Debentures
Muthoot Finance Limited, India`s largest gold loan company on April 6, 2023 declared an interim dividend of 220% (Rs. 22 per equity share of face value of Rs. 10 each) for the financial year 2022-23. The total interim dividend outgo will amount to Rs. 883.19crores. Muthoot Finance Limited got listed during FY 2011-12 and since then Company has regularly declared dividend every year. The dividend will be paid to the shareholders within 30 days from the date of declaration. This is the...
Muthoot Finance announces 220% interim dividend of Rs. 22 per Equity share
Below Quote on RBI Monetary By Mr. George Alexander Muthoot, MD, Muthoot Finance “On a surprising note, the MPC has kept the repo rate unchanged to 6.50%, while keeping its stance on withdrawal of accommodation maintained. While the Indian economy remains resilient, the RBI lowered the GDP growth projection for 2023-24 to 6.5% and we remain cognizant about the risks posed to growth by geopolitical tensions and global financial market volatility. However, we are glad to witn...
The MPC has kept the repo rate unchanged to 6.50% Says Mr. George Alexander Muthoot, Muthoot Finance
Kochi: Muthoot Finance, India’s largest gold loan NBFC, has announced the extension of its National Pension Scheme (NPS) services to both its domestic and NRI customers through its website and the iMuthoot app. The iMuthoot application enables the customers to have a ‘Do It Yourself Model’ where in any user can quickly submit the application and complete the NPS registration all by themselves. Launched in 2012, Muthoot Finance is an authorized NPS service provider by th...
Muthoot Finance extends its National Pension Scheme offering to its domestic and NRI customers through iMuthoot Application
Muthoot Finance is currently trading at Rs. 962.70, up by 14.20 points or 1.50% from its previous closing of Rs. 948.50 on the BSE. The scrip opened at Rs. 952.00 and has touched a high and low of Rs. 965.45 and Rs. 948.40 respectively. So far 14880 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1445.95 on 10-Mar-2022 and a 52 week low of Rs. 935.60 on 08-Mar-2023. Last one week high and low of the scrip stood...
Muthoot Finance jumps on getting nod to raise Rs 6500 crore through NCDs
Below is Comment on the RBI Monetary Policy By Mr. George Alexander Muthoot, MD, Muthoot Finance The RBI hiked repo rate by 25bps today and maintained its stance of ‘withdrawal of accommodation’, this was largely on expected lines and also in line with consensus expectations. The macro-economic challenges still continue and core inflation remains sticky. However, the resilience of the Indian economy, firming up of urban consumption demand and improving rural demand r...
Comment on the RBI Monetary Policy By Mr. George Alexander Muthoot, Muthoot Finance
Kochi, February 07, 2023: Muthoot Finance Ltd has announced its 30th series of Public Issue of Secured Redeemable Non-Convertible Debentures (Secured NCDs) of the face value of Rs. 1,000 each. The Issue is with a base issue size of ? 100 crores with an option to retain oversubscription up to ? 400 crores aggregating up to a tranche limit of ? 500 crores (“Issue”). The issue will open on February 08, 2023, and close on March 03, 2023, with an option to close on such an e...
Muthoot Finance Ltd. to raise Rs. 500 crores through Public Issue of Secured Redeemable Non-Convertible Debentures
Fundraising through public issues could see an uptick in 2023 as retail investors bet on attractive interest rates and companies look to diversify their funding portfolio under tightening liquidity conditions, bankers and analysts said. Indian companies raised around 5.38 trillion rupees ($64.95 billion) through private placements in 2022, largely aided by the banking system's massive cash surplus, data showed. Public issues were only to the tune of around 80 billion rupees. ...
Indian companies likely to raise funds via public issues in 2023 as cash tightens-bankers
Gold loan growth remain muted; Margin recovery still elusive * MUTH’s 2QFY23 results were characterized by: a) muted gold loan growth of 3% YoY to INR565b (PY:547b); b) maturity of much higher interest rate gold loans (disbursed prior to the introduction of teaser rate gold loans), keeping the yield improvement muted; c) retirement of higher cost liabilities, aiding benign borrowing costs (CoB) in a rising rate environment, and d) lower reported operating expenses, translating into a...
Neutral Muthoot Finance Ltd For Target Rs.1,130 - Motilal Oswal
Weak on key business metrics Muthoot Finance’s in-line profit performance, despite a 4% NII miss, was aided by lower CoF and reduction of opex (decline in employee, advt. & maintenance costs). On key business metrics, the performance remains soft with a) flat gold tonnage/AUM, b) no recovery in portfolio yield (despite migration of teaser portfolio to normal rates), c) no change is customer segment focus (loan per account & customer same for past 3Qs) and d) no improvement in...
Add Muthoot Finance Ltd For Target Rs.1,300 - Yes Securities
Aster DM Healthcare Ltd TECHNICAL RATIONALE ATERDM has retraced marginally of late on low volumes, after making a new record high at 275.60. Technically, it’s an healthy pause in a strong uptrend and we thus recommend utilizing this buying opportunity and initiate fresh longs as per the mentioned levels. Buy Aster DM Healthcare Ltd @263-266 CMP 266.50 Stop Loss 249 Target 289 Muthoot Finance Ltd TECHNICAL RATIONALE After spending almost 6 m...
Tech Stars - Aster DM Healthcare Ltd and Muthoot Finance Ltd By Religare Broking
Muthoot Finance is currently trading at Rs. 1039.30, up by 25.20 points or 2.48% from its previous closing of Rs. 1014.10 on the BSE. The scrip opened at Rs. 994.00 and has touched a high and low of Rs. 1044.60 and Rs. 994.00 respectively. So far 46066 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. 950.05 on 26-Sep-2022. Last one week high and low of the scrip st...
Muthoot Finance jumps on inking MoU with Lulu Exchange
? Over 4 lakh customers of Muthoot Group customers based out of the UAE and their relatives can now remit money instantly to the loan accounts through the 89 branches of Lulu International Exchange Kochi : Muthoot Finance, India's largest gold loan NBFC company has signed a MoU with UAE based Lulu International Exchange, one of the most trusted money exchange and transfer companies in UAE, to work as its collection partner. Through this partnership, Muthoot Finance aims to drive conven...
Muthoot Finance partners with LuLu International Exchange to provide UAE customers with easy gold loan repayment service
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 ...
Muthoot Finance shines on getting green signal from RBI to open 150 new branches
Muthoot Finance has completed the equity infusion of Rs 110 crore in Belstar Microfinance, a subsidiary of the company. The company has been issued 32,35,295 equity shares of the face value of Rs. 10 each at a premium of Rs. 330 per share in Belstar. Post transaction, the company's holding in Belstar stands at 56.97%.
Muthoot Finance infuses equity capital of Rs 110 cr in Belstar
Channel checks in Southern India: A few interesting insights * Key highlights from our channel checks in Southern India for gold loan NBFCs in general and MUTH in particular are: a) teaser rates have not gone away – just that the 6.9% teaser rate has been replaced by 9.9%-11.9% teaser rates, b) banks and gold loan fintechs (despite the recent media coverage on Rupeek) have still not reduced their aggression, c) gold loan demand was weak in May’22 and redemptions were high becau...
Buy Muthoot Finance Ltd For Target Rs.1,220 - Motilal Oswal
Below is Comment on the RBI Monetary Policy By Mr. George Alexander Muthoot, MD, Muthoot Finance "In the light of the uncertainty of persisting geopolitical tensions, concerns over rising global inflation and escalation in global crude oil prices and other commodities, we had expected the RBI to hike interest rates in consonance with the recent off-cycle policy meeting. The RBI has further hiked the repo rate by 50bps to 4.9% and will be focused on 'withdrawal of accomm...
Comment on the RBI Monetary Policy By Mr. George Alexander Muthoot, Muthoot Finance
Operationally weak with a QoQ decline of ~150bp in NIM For MUTH, 4QFY22 was characterized by: a) Gold AUM growth of 6% QoQ, despite auctions of ~INR21b; b) a decline of ~160bp QoQ in spreads to 11.4%, driven by competition in the high-ticket sized Gold loans; c) GS3% still elevated at ~3%, despite declining by ~80bp QoQ; and d) PPOP declined by 17% QoQ, but PAT fell 7%, led by provision write-backs of INR0.7b. We estimate standalone AUM growth of 8-9%/13-14% in FY23/FY24, with spreads decl...
Buy Muthoot Finance Ltd For Target Rs.1,325 - Motilal Oswal
Growth and Margin trade-off becomes evident Our view While Muthoot’s gold AUM growth (6% qoq/11% yoy) was better than our expectations, the NII and PPOP missed estimates due to a much sharper compression of portfolio yield and higher opex. As was expected, auctions were high at Rs21bn (Rs28bn in Q3), and thus gold AUM growth was near 10% qoq after adding back the auctioned loans. The growth in large measure, over the past couple of quarters, was driven by the teaser rate scheme (t...
Buy Muthoot Finance Ltd For Target Rs.1,500 - Yes Securities
Kochi : Muthoot Finance Ltd has announced its 27 th series of Public Issue of Secured Redeemable Non-Convertible Debentures of face value Rs. 1,000 each (“Secured `NCDs”). The Issue is of base issue size of ₹ 75 crores with an option to retain oversubscription up to ₹ 225 crores aggregating up to tranche limit of ₹ 300 crores (“Issue”). The Issue opens on 25th , May 2022 and closes on 17th June, 2022 with an option to close on such earlier date or extended date as...
Muthoot Finance Ltd to raise Rs. 300 crores through Public Issue of Secured Redeemable Non-Convertible Debentures
Below is Comment on RBI monetary policy-out of cycle rate hike By Mr. George Alexander Muthoot, MD, Muthoot Finance. “Given that the RBI Governor had already highlighted his concerns over inflation and downside risks to growth emerging on account of escalation in geopolitical tensions during his last monetary policy announcement, thus the hike in rate was expected, but the timing was a surprise. The RBI has hiked the repo rate by 40bps to 4.4% and hiked CRR by 50bps to 4.5%. We under...
Comment on RBI monetary policy-out of cycle rate hike By Mr. George Alexander Muthoot, Muthoot Finance.
Below is Comment on the RBI Monetary Policy By Mr. George Alexander Muthoot, MD, Muthoot Finance "The RBI policy on expected lines kept key rates unchanged and maintained ‘accommodative’ stance, while focussing on withdrawal of accommodation to ensure inflation remains within the target zone while supporting growth. The RBI has revised inflation projection upwards and FY23 GDP growth downwards to 7.2% (from earlier projection of 7.8%). While there is an uncertai...
Comment on the RBI Monetary Policy by George Alexander Muthoot, Muthoot Finance
Will continue to stand tall despite the many challengers Muthoot Finance (‘MUTH’) is our top pick for CY22 in the NBFC Lending space. Our investment idea is premised on our thesis of a structural opportunity in Gold lending as the market pie expands with customers evolving, taboo around Gold loans fading away, and apprehensions regarding Gold loans addressed through customer education. In this report, we list MUTH’s competitive strengths vis-à-vis its peers and som...
Buy Muthoot Finance Ltd For Target Rs.1,750 - Motilal Oswal
Gold loan growth flat QoQ; auctions to stay elevated in 4QFY22 For MUTH, 3QFY22 was characterized by: a) interest cost savings, which led to an in line PPOP/PAT performance; b) elevated Gold loan auctions of INR28b, which resulted in gold AUM remaining largely flat QoQ, c) stable spreads of 13%, despite an aggressive competitive landscape; d) GS3 increasing by ~200bp QoQ to 3.8%, suggesting that auctions will remain elevated in 4QFY22 as well to pare down GS3 to the management’s guid...
Buy Muthoot Finance Ltd For Target Rs.1,800 - Motilal Oswal
Positive long term outlook persists About the stock: Muthoot Finance is a leading gold financier in India with gold loan AUM of | 54214 crore as on December 2021. * It has a large footprint across India with 4617 gold lending branches * The company also has a presence in other lending segments like housing, microfinance, vehicle finance via its subsidiaries Q3FY22 Results: Soft quarter on overall basis * Overall AUM up 8.5% YoY, gold AUM up 9.3% YoY at | 54214 crore ...
Buy Muthoot Finance Ltd For Target Rs. 1700 - ICICI Direct
Retain positive stance based on structural growth factors and profitability Our view Muthoot Finance’s Q3 FY22 performance was a mixed bag wherein substantial auctions of Rs28bn (5% of Gold AUM) and swift flow forwards in Stage 2 & 3 buckets (despite better economic environment) were key negatives, and resilient portfolio yield (notwithstanding rate competition), sustained core growth trends (customer acquisition, existing activation, etc.) and resolution of stress without muc...
Buy Muthoot Finance Ltd For Target Rs.1,900 - Yes Securities
Consolidated Loan Assets Under Management increased to Rs.60,896 crores, up by 9% YoY for 9M FY22 Consolidated Profit after Tax increased to Rs.3,025 crores, up by 8% YoY for 9M FY22 Standalone Loan Assets Under Management increased to Rs. 54,688 crores for 9M FY22, up by 9% YoY Standalone Profit after tax increased to Rs.2994 crores for 9M FY22, up by 10% YoY A meeting of the Board of Directors of Muthoot Finance Ltd. was held today to consider and approve the unaudited standalone and ...
Muthoot Finance Q3FY22 Results
Below is Comment on the RBI Monetary Policy By Mr. George Alexander Muthoot, MD, Muthoot Finance “We welcome the RBI’s stance to keep key policy rates unchanged and maintain ‘accommodative’ stance as long as necessary. RBI’s monetary policy stance today suggests that the RBI will follow a more calibrated approach towards policy normalisation. The government in its recent budget gave major thrust to capital spending, promoting a digital economy and s...
Quote on RBI monetary policy By George Alexander Muthoot, Muthoot Finance
Pre-budget expectations by George Alexander Muthoot, MD at Muthoot Finance "While we are cognizant of the challenges that the new covid variants are likely to pose, we are hopeful and optimistic that the measures taken by the Government in the upcoming budget will help give fillip to the nascent economic recovery in 2022. Gold Loan NBFCs tend to play a very integral role in supplementing the banking sector, and catering to the underbanked and underserved segment of the...
We are hopeful and optimistic that the measures taken by the Government in the upcoming budget - Muthoot Finance
Below is quote on RBI monetary policy By George Alexander Muthoot, Managing Director at Muthoot Finance “We welcome RBI's decision to continue with accommodative stance as long as necessary and maintain status quo on rates, the RBI also remains committed to broaden growth impulses and preserve financial stability. I concur with RBI’s stance that while the recovery impacted by the pandemic is gaining traction, Private consumption is still below pre-Covid level...
Quote on RBI monetary policy By George Alexander Muthoot, Muthoot Finance
Healthy Gold loan growth; gold auctions still minuscule Operational performance in line * PAT (in line) grew by 11% YoY and 2% QoQ to INR9.94b. Despite higherthan-estimated provisions, lower-than-estimated interest expenses (driven by lower CoB), and benefits of lower operating expenses led to an in line performance. * It posted an OPEX beat of 6% – OPEX declined by 2% YoY, but grew 10% QoQ to INR4.4b. The cost ratio declined by 80bp YoY to 3.3%. PPOP (3% beat) grew by 17% YoY ...
Buy Muthoot Financ Ltd For Target Rs.1,900 - Motilal Oswal
Religare Super Idea To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Above views are of the author and not of the website kindly read disclaime
Buy Muthoot Finance Ltd Target Rs.1700 - Religare Broking
Strong quarter, growth sustenance key Muthoot Finance (Muthoot) reported yet another strong quarter with improving loan growth (4.8% QoQ) supported by customer additions. Customer additions (up >3% QoQ) was strong, vindicating our stance of a perceptible volume growth tailwind. Management maintained the growth guidance of 15%-plus, which they would beat in our view. Current environment offers unique growth and asset safety tailwinds to gold financing. With credit risk a structural no...
Buy Muthoot Finance Ltd For Target Rs.1,975 - Edelweiss Financial Services
Muthoot Finance Ltd Stock has given a strong breakout from the multi day consolidation with strong volume support which indicates strong positive bias in the stock. It has been consolidating in 1400-1640 price range since last few days but it has given a strong breakout today post strong set of numbers and positive commentary. It is indicating strong bullish bias on daily ichimoku chart and Momentum indicators have turned positive as well. Recommendation is to Buy in the range of 160...
Buy Muthoot Finance Ltd For Target Rs.2220 - Monarch Networth Capital
Muthoot Finance is currently trading at Rs. 1594.60, up by 64.50 points or 4.22% from its previous closing of Rs. 1530.10 on the BSE. The scrip opened at Rs. 1542.00 and has touched a high and low of Rs. 1613.00 and Rs. 1531.65 respectively. So far 33284 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1638.50 on 04-Aug-2021 and a 52 week low of Rs. 1090.25 on 01-Feb-2021. Last one week high and low of the scrip...
Muthoot Finance jumps on reporting 8% rise in Q2 consolidated net profit
Consolidated Loan Assets Under Management increased to Rs.60,919 crores, up by 17% YoY for H1 FY22 Consolidated Profit after Tax increased to Rs.1,981 crores, up by 11% YoY for H1 FY22 Standalone Loan Assets Under Management increased to Rs.55,147 crores for H1 FY22, up by 17% YoY Standalone Profit after tax increased to Rs.1,965 crores for H1 FY22 , up by 13% YoY A meeting of the Board of Directors of Muthoot Finance Ltd. was held today to consider and approve the unaudited stand...
Muthoot Finance Q2FY22 Results
Gold loan company Muthoot Finance on Thursday reported a rise of 11 per cent in its Q2FY22 standalone net profit on a year-on-year basis. It also reported that its loan assets rose to Rs 55,147 crore as compared to Rs 47,016 crore in Q2FY21, registering a growth of 17 per cent on a YoY basis. Notably, during the quarter, gold loan assets increased by Rs 2,613 crore, which represents an increase of 5 per cent. The company's consolidated loan AUM stood at Rs 60,919 crore as of end ...
Muthoot Finance`s Q2FY22 standalone net profit up 11% YoY
Our Take: Muthoot Finance Ltd. (MFL) continues to be the No. 1 gold loan financier, driven by its strong business model led by its lean cost structure, high standards of collection and operational efficiencies. This has resulted in best-in-class margins along with negligible ALM (Asset Liability Management) & NPA issues. As normalcy is restored in the post Covid world and businesses resume activities, gold loan demand would return as customers with stressed cash flows and short term ne...
Update On Muthoot Finance Ltd By HDFC Securities
Belstar MFI enters into a definitive agreement for primary equity infusion of INR3.5b * In an exchange filing, MUTH disclosed details of a definitive agreement entered by its subsidiary Belstar Microfinance (MUTH holds ~70% stake prior to the equity capital infusion) with Augusta Investments, Arum Holdings, MAJ Invest, and MUTH. * This definitive agreement is in connection with a proposed primary equity infusion of INR3.5b in Belstar Microfinance and secondary OFS by promoters for a to...
Update on Muthoot Finance Ltd By Motilal Oswal
AUM and Gold holdings flat QoQ, auctions miniscule * PAT grew by ~16% YoY, but fell 2% QoQ to INR9.7b (~9% miss) in 1QFY22. This was driven by a miss on NII (down 4% QoQ due to lower yields) and slightly mitigated by lower opex (down 23% QoQ). * Core Gold loans continued to exhibit resilience, with the portfolio remaining flat QoQ (up 29% YoY), despite muted Gold loan demand and disruption in branch operations during 1QFY22. * The deterioration in standalone GS3 was along expected li...
Buy Muthoot Finance Ltd For Target Rs.1,825 - Motilal Oswal
New investor Affirma Capital, existing investors Muthoot Finance and Maj invest to participate Kochi, August 25, 2021: Belstar Microfinance Limited, a subsidiary of Muthoot Finance Limited (Muthoot Group) has signed definitive agreements to raise primary equity of Rs. 350 crore from new investor Affirma Capital and existing investors Muthoot Finance and Maj Invest. This equity raise is subject to obtaining required regulatory approvals. An equity raise by Belstar during this ...
Belstar Microfinance subsidiary of Muthoot Finance to raise Rs. 350 crore via equity
Below are Quote on RBI Monetary Policy Views by Mr.George Alexander Muthoot, Muthoot Finance “RBI left the policy rates unchanged for sixth straight time and has avowed to continue accommodative stance as long as necessary to revive growth and help sustain it on a durable basis. This commitment by the central bank was supported by additional measures announced today such as a separate liquidity window of Rs. 15,000 crore for certain contact-intensive sectors and enhanc...
RBI Monetary Policy View by Mr.George Alexander, Muthoot, Muthoot Finance
Muthoot Finance is currently trading at Rs. 1502.90, up by 88.90 points or 6.29% from its previous closing of Rs. 1414.00 on the BSE. The scrip opened at Rs. 1438.65 and has touched a high and low of Rs. 1537.20 and Rs. 1428.00 respectively. So far 308107 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,537.20 on 03-Jun-2021 and a 52 week low of Rs. 902.05 on 04-Jun-2020. Last one week high and low of the scri...
Muthoot Finance zooms on reporting 23% rise in Q4 consolidated net profit
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