Nooresh Merani, AVP Technical at AMSEC Research told CNBC-TV18, "For Muthoot Finance in the near term, Rs 150-160 would be a tough barrier to cross. So some bit of partial profit booking should be done in this zone and then keep the rest for a longer term period."
"Any dips again back to Rs 100-110 would be an entry point otherwise it is in a down trend in a longer term chart," he added.
On September 10, 2013 Muthoot Finance closed at Rs 124.50, up Rs 7.15, or 6.09 percent.
The share touched its 52-week high Rs 246 and 52-week low Rs 73.60 on 03 January, 2013 and 06 August, 2013, respectively.
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