Edelweiss is bullish on Muthoot Finance has recommended buy rating on the stock with a target price of Rs 442 in its research report dated February 13, 2017.
Edelweiss' research report on Muthoot Finance
NIMs were softer on lower yields (lower collections, higher interest income reversal), though funding cost will benefit from retirement of long-term borrowings over next few quarters, which will help sustain/improve NIMs. Revenue tailwinds, along with normalised auctions and controlled costs will enable Muthoot deliver >25% earnings CAGR over FY16-19E. Maintain ‘BUY’.
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