Page 9 - Muthoot Finance

Muthoot Finance hits new lifetime high, zooms over 100% from March lows

In the past week, Muthoot Finance has outperformed the market by surging 9 per cent as compared to 0.45 per cent rise in the S&P BSE Sensex

Street signs: 'Buy the dip' say chartists, rising free-float trade and more

The commentary by technical analysts has moved from 'sell on rallies' to 'buy the dips', with most expecting the bullish momentum, seen over the past three weeks, to sustain

Covid-19: Gold loan providers to resume operations of 90% of their branches

These companies are prepared to lend more to customers as the price of gold mortgaged by them has gone up sharply, making them eligible for larger loans

Muthoot Finance to re-open all branches across India from April 20

The branches will function as usual and will adhere to all instructions laid down by the state governments for corporates resuming services from April 20, 2020.

Muthoot Finance slips 7% as Moody's downgrades outlook to 'negative'

Moody's said the Indian NBFC industry has been affected given disruptions to India's economic activity from the coronavirus outbreak, which will weaken companies' credit profiles

Muthoot Fin: Gold financiers take hard knock; stay put for now, say experts

Given the uncertainties in the market, analysts suggest incumbent investors should stay put in the stock, even as new investors may buy on further dip.

Muthoot Finance raises $550 mn at 4.4% from international bond markets

Second bond issue from the firm after it placed $450 mn for 3-year tenor at 6.13% in Oct 2019

Muthoot Finance: Decoding the glitter and growth of the gold financier

At Rs 36,620 crore m-cap, the stock displaced AU Small Finance Bank, PNB and Shriram Transport among notable names

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)

Muthoot Finance soars 15%, hits new high on strong December quarter results

The company reported 66% YoY growth in net profit at Rs 803 crore in Q3FY20

Muthoot Finance MD George Alexander injured in attack in Kerala

Alexander, who suffered a head injury, has been admitted to Medical Trust hospital in Kochi

Muthoot Finance MD Alexander injured after attack on his vehicle

A section of employees have been agitating against the Muthoot management over dismissal of 160 staff from the company's 43 branches across the state in December

Bankers are not ready to take risks: Muthoot Finance MD George Alexander

The company's managing director, George Alexander Muthoot, spoke on his loan book growth, going ahead, even as he feels banks should lend more to non-banking financial companies

Derivatives strategy on Muthoot Finance by Nandish Shah of HDFC Securities

The stock price has already given breakout on the daily chart by closing above the resistance level of Rs 737 on last Monday with higher volumes

Muthoot Finance gets hold of IDBI MF arm for around Rs 215 crore

The acquisition will mark MFIN's foray into the Rs 26-trillion MF space. George Alexander Muthoot, managing director, MFIN, said

Muthoot Finance surges 9% on strong Q2 results

The company reported a healthy 41 per cent year-on-year (YoY) growth in profit before tax (PBT) at Rs 1,047 crore for September quarter (Q2FY20), on the back of strong operational income.

Muthoot Finance pre-tax profit up 42% to Rs 1,116 cr, income rises 32%

Loan assets of the group grow by 13% to Rs 40,390 crore during first half of FY20

Muthoot Finance gets approval to raise $450 mn from foreign bond market

Earlier this month, the gold loan financier had informed about its proposal to raise $2 billion (around Rs 14,200 crore) from foreign market to fund its business growth

Top stock picks by Religare Broking: Buy Muthoot Finance, Havells India

Stock recommendation by Religare Broking

Muthoot Finance to raise Rs 1,000 crore via NCDs to fund business growth

The issue opens on September 27, 2019 and closes on October 25, 2019