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    you are here: HomeNewsBusinessMoneycontrol Research

    Can Muthoot Finance continue to shine after the recent run-up?

    In the troubled macro environment Muthoot Finance remains an island of relative safety,

    Madhuchanda Dey
    June 22, 2020 / 02:16 PM IST
    Can Muthoot Finance continue to shine after the recent run-up?

    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

    Highlights - Stellar earnings from Muthoot Finance in FY20 - Stock has significantly outperformed in recent times - Asset growth driven mostly by value growth - Gold loans a safe spot amid weak macro - Subsidiary performance merits caution - Safe bet, but stock prices in positives; wait for correction FY19 was a dream run for gold financing companies and the strength continued right till the end of FY20. The markets, after initial nervousness with the lockdown, have adequately rewarded the sector bellwether Muthoot Finance (CMP: Rs...

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