Muthoot Finance hits new high; surges 26% in five-weeks post Q3 results

The stock hit a new high of Rs 612, rallied 71% from its 52-week low level of Rs 357 touched on October 9, 2018, against 9% rise in the S&P BSE Sensex.

Shares of Muthoot Finance continued their upward journey, hitting new high of Rs 612, up 3.3 per cent on the BSE in intra-day trade on Thursday on expectation of healthy growth going forward.

The stock of non-banking finance company has surged 26 per cent in past five weeks, despite the company reporting one per cent year-on-year (YoY) rise in net profit to Rs 485 crore on the back of by muted growth in the top-line and one-off taxes to the tune of Rs 22 crore in December 2018 quarter (Q3FY19). In comparison, the S&P BSE Sensex was up 2