English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    What ails Muthoot Finance despite stability in gold prices?

    The current valuation of Muthoot Finance factors in the near-term challenges. In a highly volatile market, only long-term investors could slowly add the stock should it correct on market gyrations

    Madhuchanda Dey
    May 30, 2022 / 09:25 AM IST
    What ails Muthoot Finance despite stability in gold prices?

    Representative Image

    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

    Muthoot Finance (CMP: Rs 1,096 Market Cap: Rs 43,993 crore) has corrected 34 percent in the past six months against a 9 percent drop in the Nifty despite an apparent stability in gold prices. What ails the dominant gold-financing NBFC in the country is the hyper competition in the gold loan financing market and the squeeze on margin, along with a lacklustre demand that apparently made the situation worse. Can its fortune change in the coming quarters? Or has...

    • PRO Panorama

      Moneycontrol Pro Panorama | Regulating the economy temperature gauge

      Jun 2, 2023 / 03:43 PM IST

      In today’s edition of Panorama: SEBI proposes tightening disclosure for offshore funds, MGNREGA demand rises sharply, receding ...

      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

    View Plans

    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.

    View Offers

    Get upto 50% discount on limited period offers