Business Standard

Muthoot Finance sinks 9% on weak Q4 result; analysts bearish on stock

Motilal Oswal Financial Services believes FY23 will be a difficult year for Muthoot with a clear trade-off between growth and margin

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
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SI Reporter New Delhi
Shares of Muthoot Finance sunk 9.4 per cent to Rs 1,029 per share on the BSE in Friday's intra-day trade after the gold financier reported a weak set of number for January-March quarter of FY22 (Q4FY22). At 10:30 AM, its shares quoted at Rs 1,060, down about 7 per cent, as against 0.6 per cent rise in the benchmark S&P BSE Sensex. 

India's largest gold financing company on Thursday reported a 4 per cent decline in standalone profit at Rs 960 crore as compared to Rs 996 crore profit reported during the corresponding period last year. The company's standalone income also

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First Published: May 27 2022 | 10:50 AM IST

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