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A deep dive into Muthoot Finance’s business model 

The primary driver behind AUM growth has been a synchronous appreciation in the price of gold 

May 26, 2023 / 09:08 AM IST
A deep dive into Muthoot Finance’s business model 

The primary driver behind AUM growth has been a synchronous appreciation in gold price

Muthoot Finance has rallied by 8% this week, and 6% of the appreciation happened over a single day. This gains even more relevance as the recent euphoria followed an extended period of pessimism towards the stock. The one-year return leading up to the last week was an impressive 13% for Nifty, while Muthoot Finance corrected by as much as 9% during the period. The recent turn in fortunes for the stock has been driven by the company’s Q4 FY23 results....

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