ICICI Direct's research report on Muthoot Finance
Muthoot Finance is a leading gold financier in India with standalone AUM of Rs 57230 crore as on September 2022. It has a large footprint across India with 4600+ gold lending branches • The company also has a presence in other lending segments like microfinance, housing, vehicle finance via its subsidiaries.
Outlook
We retain our HOLD rating on the stock. We value the core business (gold loan) at ~2x FY24E ABV and assign Rs 31 to subsidiaries, revising our target price to Rs 1150 from Rs 1300.
For all recommendations report, click here
Disclaimer: 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
