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Investors may be overplaying Muthoot Finance's growth prospects

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

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Muthoot Finance | Muthoot Finance stock | Markets

Hamsini Karthik  |  Mumbai 



The company is now valued at $7 billion, a size that may spur MSCI to include the stock in its gauge at the quarterly review due in August
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

Muthoot Finance, the country’s leading gold loan company, has emerged the most popular option among non-banking financial (NBFCs), with over 80 per cent of analysts polled by Bloomberg optimistic on the stock. Its stock price has increased over 67 per cent in a year, while its peers haven’t fared well. The stock rose by 6.9 per cent on the BSE on Wednesday, in response to its decent December quarter (Q3) results.

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

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