Why investors are betting on Muthoot Finance shares
4 years, 5 months ago

Why investors are betting on Muthoot Finance shares

Live Mint  

An Indian lender has seen its shares surge during the coronavirus pandemic, in a stark contrast with peers in a nation struggling with mounting bad loans. “This is like a season of gold loans,” Ashutosh Khajuria, the chief financial officer at Federal Bank Ltd., which also offers the loans. “Whenever there are uncertainties about business cycles, gold loans grow the fastest, and the current momentum is likely to last at least till the end of this financial year.” With a transaction time of less than an hour and collateral that can be quickly sold off in the event of default, India’s market for such lending is set to expand by at least one-third to 4.6 trillion rupees in two years to March 2022, according to an estimate by KPMG. While bank loans may not grow at all this year, Muthoot’s Chief Financial Officer Oommen K Mammen forecasts 15% growth from lending against gold to the likes of farmers, truck owners, and agri-traders. DCB Bank Ltd., another lender that offers financing backed by the metal, saw its gold loan disbursals surge in May and June, said Praveen Kutty, its head of retail and SME banking.

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History of this topic

Gold auctions on the rise as NBFCs look to clean up books on RBI diktat, rise in prices
2 weeks, 4 days ago

Gold auctions on the rise as NBFCs look to clean up books on RBI diktat, rise in prices

Live Mint  

Companies lending against gold are auctioning the collateral in higher quantities to recover stressed loans, at a time of rising regulatory scrutiny over the sector. Gold auctions that rose sequentially in the second quarter are expected to rise further in the ongoing December quarter, experts said, since directions from the Reserve Bank of India pertaining to gold loans came only …

Stocks to buy: Ankush Bajaj recommends three stocks for today—19 December
3 weeks, 1 day ago

Stocks to buy: Ankush Bajaj recommends three stocks for today—19 December

Live Mint  

Nifty and Bank Nifty on 18 December : The Indian stock market witnessed a sharp decline on Wednesday with both key indices closing in red. Three stocks to buy recommended by research analyst Ankush Bajaj: Infosys: Buy at ₹1,977; Target at ₹2,020-2,050; Stop Loss at ₹1,935. Muthoot has given a fresh breakout in the downtrend market, which indicates a good …

Muthoot Finance Q2 Results 2024: Profit Rises by 20.01% YOY
1 month, 3 weeks ago

Muthoot Finance Q2 Results 2024: Profit Rises by 20.01% YOY

Live Mint  

Muthoot Finance Q2 Results 2024:Muthoot Finance has announced its Q2 results for the fiscal year 2024, revealing a robust financial performance. Muthoot Finance reported an earnings per share of ₹39.34 for Q2, an impressive increase of 41.02% year-on-year, further highlighting the company's profitability. Among 21 analysts covering Muthoot Finance, there is a mixed sentiment with 1 strong sell, 2 sell, …

Muthoot Finance arm Belstar Microfinance files for Rs 1300 crore IPO
8 months ago

Muthoot Finance arm Belstar Microfinance files for Rs 1300 crore IPO

New Indian Express  

MUMBAI: Belstar Microfinance, an arm of the largest gold loan company Muthoot Finance, has filed the final documents with the regulator Sebi for its initial share sale which seeks to raise up to Rs 1,300 crore. Apart from lending to women self help groups under the microfinance model, the Chennai-based firm also offers loans to micro enterprises, small enterprises, funding …

Muthoot Microfin share price soars 14% as net profit more than doubles in Q3
11 months, 1 week ago

Muthoot Microfin share price soars 14% as net profit more than doubles in Q3

Live Mint  

Shares of Muthoot Microfin soared 14 percent in intra-day deals on Tuesday, January 30, as the company more than doubled its net profit for the December quarter. Meanwhile, its net interest income jumped 53.07 percent YoY to ₹343.07 crore versus ₹224 crore in the same period last year. Its net interest margin also advanced 86 bps YoY to 12.6 percent …

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%
11 months, 4 weeks ago

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Live Mint  

Mukesh Ambani is once again a centibillionaire. The richest person in India — and in Asia — saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd., rose 2.6% to close at a record high. The listing last year of Reliance’s financial services unit, Jio Financial Services Ltd., helped to broaden the …

Muthoot Microfin share price Highlights: Shares open weak on debut on BSE, NSE
1 year ago

Muthoot Microfin share price Highlights: Shares open weak on debut on BSE, NSE

Hindustan Times  

Muthoot Microfinance IPO listing: The IPO of the microfinance subsidiary of the Muthoot Pappachan group was subscribed 11.52 times on the closing day of the bidding Muthoot Microfin share price Highlights: Muthoot Microfin's ₹960 crore-initial public offering made a weak debut on the Bombay Stock Exchange and the National Stock Exchange. “Trading Members of the Exchange are hereby informed that …

Muthoot Microfin files preliminary papers for ₹1,350 crore IPO
1 year, 6 months ago

Muthoot Microfin files preliminary papers for ₹1,350 crore IPO

Live Mint  

Muthoot Microfin has filed documents for an IPO to markets regulator Sebi in order to raise up to ₹1,350 crore through an secondary market. The Muthoot Pappachan Group's microfinance subsidiary, Muthoot Microfin Ltd., has re-submitted its draft papers to the Securities and Exchange Board of India in order to raise ₹1,350 crore through IPOs. The IPO will consist of a …

Muthoot Finance stock shines on decent Q4; sustainability key
1 year, 7 months ago

Muthoot Finance stock shines on decent Q4; sustainability key

Live Mint  

Shares of gold loan provider Muthoot Finance Ltd surged over 7% on Monday, largely driven by a rebound in gold loan assets under management in the March quarter. According to analysts at Motilal Oswal Financial Services, “We still do not see strong signs of an organic improvement in gold loan demand, even as banks remain aggressive in this segment." Having …

Muthoot Finance Q4: PAT at ₹1,009 crore, reports highest gold loan growth
1 year, 7 months ago

Muthoot Finance Q4: PAT at ₹1,009 crore, reports highest gold loan growth

Live Mint  

Muthoot Finance announced its Q4FY23 results on May 19, reporting a net profit of ₹1,009.2 crore, registering a meagre rise of 0.3 per cent, compared to ₹1,006 crore in the corresponding period last year. The gold financing company's revenue from operations stood at ₹3,274.8 crore in the January-March quarter, posting a growth of 8.4 per cent, compared to ₹3,021.1 crore …

Muthoot Finance declares 220% interim dividend to ₹22 per share
1 year, 9 months ago

Muthoot Finance declares 220% interim dividend to ₹22 per share

Live Mint  

The largest gold loan NBFC in the country, Muthoot Finance on Thursday announced it has declared an interim dividend of ₹22 per equity share for the financial year FY23. "The Board of Directors of Muthoot Finance Limited at their meeting held today at the registered office of the Company has considered and approved payment of an interim dividend of Rs. …

Gold loan companies may take time to shine
1 year, 10 months ago

Gold loan companies may take time to shine

Live Mint  

Gold loan companies continue to struggle. In the December quarter, Muthoot Finance’s gold AUM fell by 0.6% on a sequential basis and Manappuram saw a second consecutive quarter of drop in gold AUM. View Full Image Mint “We expect gold AUM to rebound by Q1FY24, as lower interest rates offered by new age fintechs will lead to cash burn and …

Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's
4 years, 1 month ago

Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's

Business Standard  

Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business. Premium A modest loan growth and loan sales will help IIFL and Indiabulls maintain capitalisation despite the weakening of profitability Asset quality at non-bank lenders IIFL …

Muthoot Finance Q2 profit rises 2.5% to ₹931 crore
4 years, 2 months ago

Muthoot Finance Q2 profit rises 2.5% to ₹931 crore

Live Mint  

Muthoot Finance on Tuesday reported a 2.5% increase in consolidated net profit at ₹930.80 crore for the second quarter ended September of the current fiscal year. The results include financial numbers from its subsidiaries -- Muthoot Homefin Ltd, Belstar Microfinance Ltd, Muthoot Insurance Brokers Pvt Ltd, Muthoot Money Ltd and Sri Lankan subsidiary Asia Asset Finance Plc. "We are glad …

In risky bets, retail investors in India pile into most leveraged stocks
4 years, 5 months ago

In risky bets, retail investors in India pile into most leveraged stocks

Live Mint  

Companies with high levels of debt are the latest beneficiaries of a retail investor-fueled rally in Indian stocks that’s defying the worst economic outlook in four decades. A custom Bloomberg index of the 30 most leveraged stocks out of India’s top 200 companies has gained 32% since the end of March, compared with a 28% advance in the benchmark S&P …

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