Moneycontrol PRO

Are gold financing companies losing their lustre?

Manappuram remains a great stock for risk takers. For risk averse investors, satisfied with moderate growth, any correction is an opportunity to buy Muthoot.

August 27, 2020 / 09:05 AM IST
Are gold financing companies losing their lustre?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Madhuchanda Dey Moneycontrol Research Highlights - Gold financing is a highly insulated pocket of lending - Muthoot and Manappuram have smartly rallied from March lows - Muthoot a winner so far because of low share of non-gold businesses - For Manappuram asset quality performance of non-gold subsidiaries a key concern - Manappuram valued at a discount and could rally if covid scare wanes, ideal for a risk taker - Muthoot to offer moderate return from hereon, buy on correction Surging gold prices and short tenure fully secured loans have...

  • PRO Panorama

    Moneycontrol Pro Panorama | Where’s the import threat?

    Jun 5, 2023 / 02:55 PM IST

    In today’s edition of Panorama: Global food inflation brings good tidings, Musk joins chorus against US's China policy, India's...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: Things fall apart

    Apr 22, 2023 / 11:16 AM IST

    The mainstream is coming around to the view that geopolitics will result in a fragmented global economy and we will not go back to...

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers