Business Standard

Muthoot Finance may get added to MSCI India Index soon: Analysts

Shares of India's largest cash-for-gold lender have surged 71 per cent this year, the third-biggest gain on a gauge of the nation's top 200 firms

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
Premium

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

Bloomberg
An astounding rally in the shares of Muthoot Finance has made the lender big enough to be added to the MSCI India Index, analysts say.

Shares of India’s largest cash-for-gold lender have surged 71 per cent this year, the third-biggest gain on a gauge of the nation’s top 200 firms. 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, according to Edelweiss Financial Services and Target Investing.

While most Indian lenders are facing one of the world’s biggest pile of bad loans, Muthoot

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in