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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