Three NBFCs in gold financing have seen AUM growth on a quarter-on-quarter (Q-o-Q) basis for the gold segments over the last three quarters
The total income stood at Rs 1334 crore during the quarter, as against Rs 1027.51 crore last year, an increase of 30 per cent
Manappuram Finance (up 36 per cent) and Muthoot Finance (up 32 per cent) outperformed the market by surging over 30 per cent since October 2018, as compared to 0.25 per cent rise in Sensex.
Muthoot Finance surged 15% to Rs 478 on Friday, erasing its entire Thursday's 7% fall, Manappuram Finance rallied 7% to Rs 85 on BSE on back of heavy volumes.
Muthoot Finance surged 15% to Rs 405, while Manappuram Finance up 6% to Rs 91.40 on the BSE in intra-day trade.