Gold Financing Companies

Muthoot Finance stock hits new high at ₹3,809 on the BSE. Thus far in the calendar year 2025, the stock has zoomed 66 per cent, as against a 8 per cent rally on the Nifty 50.

Shares of Muthoot Finance have surged 37.7 per cent so far in CY-25, while that of Manappuram Finance have rallied 54.6 per cent. Gold has surged 42 per cent in 2025

The expanding market for gold backed loans in India - amid a shift in borrower preference towards gold loans - should benefit gold finance companies, analysts said.

Gold loan companies stocks in focus: Muthoot Finance, Manappuram Finance can rally up to 19%; while IIFL Finance faces a 9% downside risk; suggests technical charts.

Manappuram Finance stock hit all time high and Muthoot Finance stock gained after gold prices crossed ₹1,00,000

Share price of Muthoot Finance and Manappuram Finance hit their respective new highs, gaining 2% in Thursday's intra-day trade in an otherwise weak market

RBI's revised guidelines are structurally positive for small-ticket credit lenders like Muthoot and Manappuram Finance, believe market analysts.

Technical chart shows that Muthoot Finance and Manappuram Finance have retraced from their record highs levels with select momentum oscillators hinting towards a likely consolidation ahead.

The Reserve Bank of India has proposed new rules to streamline gold loan practices, aiming to bring more transparency and control as lending in this segment grows rapidly.

In March, reportedly, India's central bank had plans to ask lenders to follow stricter underwriting processes for gold loans and monitor the end-use of funds

Technical chart suggest that Muthoot Finance, Manappuram Finance and IIFL may witness some downward pressure in the near-term, and dip up to 17%; check key levels to track here.

With a favorable demand outlook for gold loans driven by reduced competition from banks and limited availability of unsecured credit, the company is well positioned to maintain its growth momentum.

Spot gold gained 1.1 per cent to $2,662.98 per ounce, as of 01:41 PM ET (1841 GMT). US gold futures settled 1 per cent higher at $2,685.50

While large players may not be impacted, lesser-vintage firms could have to mend ways

The company posted a consolidated net profit of Rs 1,145 crore during the third quarter of 2023-24

CRISIL Ratings believes MFL's capitalisation and asset quality will remain strong supported by its gold loan business.

Increased competition, lower spreads, moderate growth are among hurdles to overcome

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Analysts believe the continued aggression of banks and fintechs would make gold loan NBFCs pivot their business models to lower spreads and margin

Shares of gold finance firms, such as Muthoot Finance and Manappuram Finance, may come under pressure because of the softness in the price of yellow metal