Home / Markets / News / Muthoot Finance surges 18%, hits new high on robust March quarter results

Muthoot Finance surges 18%, hits new high on robust March quarter results

The company reported a 52.4% jump in consolidated net profit in March 2020 quarter

stocks, stock market, m arket, sensex, growth, revenue, earnings, results, Q2,Q1, Q3, Q4, COMPANY, nse, bse,

Premium

According to analysts, the company is likely to benefit from sharp run-up in gold prices

1 min read Last Updated : Jun 19 2020 | 1:01 AM IST

Shares of Muthoot Finance on Thursday jumped nearly 18 per cent after the company reported a 52.4 per cent jump in consolidated net profit in March 2020 quarter.

The scrip zoomed 17.71 per cent to close at Rs 1,177.30 on the BSE.

During the day, it rallied 19.99 per cent to Rs 1,200.20 — its 52-week high. On the NSE, shares of the company jumped 16.07 per cent to settle at Rs 1,160.30 per unit.

The company's market valuation also rose by Rs 7,103.12 crore to Rs 47,214.12 crore on the BSE.

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