Gold prices in India have escalated significantly, hitting record levels, which is expected to support further growth for gold NBFCs such as Muthoot Finance and Manappuram Finance, according to foreign brokerage firm Jefferies. Jefferies has initiated coverage on Muthoot Finance and Manappuram Finance with a ‘Buy’ rating. It has Muthoot […]
Muthoot Finance shares
Muthoot Finance share price rallied over 4% on Friday after the gold loan provider reported strong earnings for the quarter ended March 2024. Muthoot Finance shares spiked as much as 4.3% to ₹1,745.20 apiece on the BSE. India’s largest gold loan provider Muthoot Finance reported a standalone net profit of […]
Shares of gold financing companies – Muthoot Finance, and Manappuram Finance – were trading under pressure on Thursday after the Reserve Bank of India (RBI) sent the companies an advisory concerning cash disbursal of loans. The RBI has instructed Non-Banking Financial Companies (NBFCs) to strictly follow the provisions of the […]