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Buy Muthoot Finance; target of Rs 1910: Hem Securities

Hem Securities is bullish on Muthoot Finances has recommended buy rating on the stock with a target price of Rs 1910 in its research report dated December 01, 2021.

December 02, 2021 / 04:22 PM IST
  • bselive
  • nselive
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Hem Securities report on Muthoot Finance

Q2FY22 saw a good growth traction compared with Q1FY22. Gold loan AUM grew 5% QoQ and 18% YoY to INR54700. Increased QoQ tonnage (178 tonnes), increased share of online gold loan customers (29.4% of total) assisted growth momentum. The total customers reached 8.8 million.


We value the company at 14.9x FY23 EPS to arrive at the target of 1910.

For all recommendations report, click here


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Broker Research
first published: Dec 2, 2021 04:22 pm

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