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    HomeNewsBusinessStocksBuy Muthoot Finance; target of Rs 1725: Motilal Oswal

    Buy Muthoot Finance; target of Rs 1725: Motilal Oswal

    Motilal Oswal is bullish on Muthoot Finance recommended buy rating on the stock with a target price of Rs 1725 in its research report dated Jun 02, 2021.

    Broker Research
    June 08, 2021 / 18:38 IST
       
       
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      Motilal Oswal's research report on Muthoot Finance

      PAT grew 22% YoY to INR10b in 4QFY21, in line with our estimate. Strong loan growth, despite falling gold prices, was the key surprise in 4QFY21. The company delivered 26% gold loan growth in FY21. NII/PPOP/PAT growth was also healthy at 15%/23%/23%. On account of the strong performance, we upgrade our FY22E/FY23E EPS estimate by 3-4%.

      Outlook

      We maintain our Buy rating with a TP of INR1,725/share (3x FY23E BVPS).

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      Broker Research
      first published: Jun 7, 2021 01:58 pm

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