Shares of Manappuram Finance Ltd and Muthoot Finance Ltd have climbed up to 52 per cent in the past six months and ICICI Securities believes the prevailing valuations are factoring in continuity in the ongoing positive cycle for gold loan NBFCs. The domestic brokerage has downgraded Manappuram Finance to ‘Hold’ from ‘Buy’ with an unchanged
Global brokerage firm Morgan Stanley, in a note on gold loan companies, said the final regulatory norms announced by the Reserve Bank of India (RBI) are a diluted version of the earlier draft, especially benefiting smaller-ticket loans. This was also highlighted by the RBI Governor during the post-policy press conference. Key beneficiaries include Muthoot Finance
Shares of Muthoot Finance Ltd. jumped up to 8%, while those of Manappuram Finance Ltd., and IIFL Finance Ltd. surged up to 5% after RBI Governor Sanjay Malhotra’s remarks on gold loans during the RBI policy press conference. The Governor said that the Loan to Value (LTV) or small loans up to ₹2.5 lakh per
Shares of Muthoot Finance Ltd. gained nearly 6% on Friday, May 30. The shares of its peers Manappuram Finance also gained. This comes after the Finance Ministry posted on social media platform X that the Department of Financial Services (DFS) is examining the draft directions on lending against collateral issued by the Reserve Bank of
Muthoot Finance Ltd reported an operationally healthy March quarter, with a strong 41 per cent year-on-year (YoY) growth in gold loans. Profit for the Kochi-based NBFC grew 42.7 per cent YoY in Q4, led by robust loan growth, controlled increase in opex and sequential decline in provisions. Net interest margin (NIM), however, fell sequentially. While
Gold financing company Muthoot Finance Ltd. will be reacting to its results on Thursday, May 15. The results were reported after market hours on Wednesday. Analysts tracking the stock remain divided on the stock’s prospects going forward. At the end of its earnings call, Muthoot Finance maintained its gold loan guidance for financial year 2026
Gold financing company Muthoot Finance Ltd. fell as much as 5% on Thursday, May 15, in reaction to their quarterly results that were reported after market hours on Wednesday. Analysts tracking the stock remain divided on the stock’s prospects going forward. At the end of its earnings call, Muthoot Finance maintained its gold loan guidance
Muthoot Finance Ltd shares continued their sharp fall for the second consecutive session in Friday’s trade. The stock slumped 8.22 per cent to hit a day low of Rs 1,964.35. At this price, it has tumbled 14.37 per cent in just two trading days. Market experts suggested investors to maintain a cautious approach on the