Muthoot Finance rose 2.73% to Rs 1,138.95 after the company said its board will meet on 18 July 2020 to consider a stock split.
In the same meeting, the board will also seek shareholders' approval to increase its borrowing powers to Rs 75,000 crore from existing Rs 50,000 crore. The announcement was made post market hours yesterday, 2 July 2020.On the technical front, the stock's RSI (relative strength index) stood at 70.098. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading above its 50-day moving average (DMA) placed at 922.35 and its 200-day moving average (DMA) placed at 768.82.
The NBFC's consolidated net profit jumped 52.4% to Rs 835.78 crore on 26.1% rise in total income to Rs 2,633.58 crore in Q4 March 2020 over Q4 March 2019.
Muthoot Finance is the largest gold financing company in India in terms of loan portfolio.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app