Investors may be overplaying Muthoot Finance's growth prospects

Pace of new customer addition is slowing; lending to existing customers is on the rise

Topics
Muthoot Finance | Muthoot Finance stock | Markets

Hamsini Karthik  |  Mumbai 

Indian investors’ fascination for gold financiers may not be as ancient as the country’s fascination for the yellow metal itself. Yet, Muthoot Finance, the country’s leading gold loan company has emerged as the popular option among non-banks with over 80 per cent analysts polled on Bloomberg optimistic on the stock.

Its stock price has risen by over 67 per cent in a year where other non-banks haven’t performed well. Reacting to decent December quarter (Q3) results, the Muthoot Finance’s stock price rose by 6.8 per cent. But there are some points that need ...

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First Published: Wed, February 10 2021. 19:41 IST
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