Muthoot Fin hits new high; overtakes PNB, AU Small Fin Bk in m-cap ranking

The stock has rallied 26% in the past week on the back of strong financial performance in the December quarter (Q3F20)

Shares of Muthoot Finance scaled 7 per cent to hit a new high of Rs 935 on the BSE on Thursday. The stock of India's largest gold financing company, in terms of loan portfolio, surpassed its previous high of Rs 898 touched on Tuesday, February 18, 2020.

A sharp rally in the market price of Muthoot Finance has led to its market capitalisation (market-cap) touching Rs 36,823 crore, the BSE data shows. With this, the company overtook financials like AU Small Finance Bank (Rs 35,657 crore), Punjab National Bank (Rs 35,843 crore) and IDBI Bank (Rs 35,969 crore) in the m-cap