Moneycontrol PRO

Which gold financing company to bet on?

Muthoot remains an all-weather stock ideally placed to ride the gold financing theme, and should deliver a steady return. For the risk-takers, given the tailwind of economic revival and the valuation discount to Muthoot, Manappuram could offer a stronger upside in the medium term

November 16, 2021 / 11:19 AM IST
Which gold financing company to bet on?

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

Gold financing became a rage after the first wave of the pandemic, with every lender chasing this business given the large stock of gold lying idle in Indian households. For borrowers, it offered an easy access to liquidity, by pledging the gold, to tide themselves over the pandemic-led cash crunch. The secured nature of the lending, which makes it almost risk-free for the lender, added to its attractiveness. The business soared and the two leading names — Muthoot Finance...

  • PRO Panorama

    Moneycontrol Pro Panorama | Dizzy valuations of startups face a litmus test

    Jan 24, 2022 / 03:26 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Mphasis sitting pretty, Yes Bank on the mend, ICICI Bank’s pitch for rerating, Budget Chart of the Day, the Eastern Window and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Bubble Trouble 

    Jan 22, 2022 / 10:01 AM IST

    The US is in the grip of “three and a half bubbles”, according to GMO’s chief investment strategist Grantham

    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