Muthoot Finance

The non-banking finance company said the funds raised through this issue will be utilised primarily for lending activities of the company

Existing investors Muthoot Finance and Maj Invest also participated in the latest funding round

Analysts have cut earnings growth forecast but see the stocks giving up to 34.4 per cent (Muthoot) and 58.7 per cent (Manappuram) returns on attractive valuation

The Company's net profit stood at Rs 1,006.60 crore in the corresponding quarter a year ago

The technical analyst from Religare Broking recommends to buy and accumulate these stocks in the mentioned range

The management of Muthoot Finance is optimistic about growing the company's gold loan book further and maintains 15 per cent growth guidance for FY22.

Realty stocks on the back of PAG taking a contra call on the sector and corporate earnings will be in focus today

The gold loan company also reported that its loan assets rose to Rs 55,147 crore as compared to Rs 47,016 crore in Q2FY21

Stock market LIVE: The BSE Midcap and Smallcap indices gained 0.6 per cent and 1.1 per cent, respectively. Realty and auto shares rallied, while metal stocks declined in trade on Tuesday

The non-banking finance company's total income increased 14% to Rs 2,963 crore

Despite a 10-12 per cent decline in gold prices, Muthooth Finance managed to grow the loan book by 4 per cent quarter-on-quarter

Gold loan finance company Muthoot Finance Ltd (MFIN) on Wednesday reported a 22 per cent jump in standalone profit after tax at Rs 996 crore for the three months to March 2021.

Business Standard brings you the day's top headlines

The company had posted a net profit of Rs 835.75 crore during the corresponding January-March period of 2019-20.

Last month, rating agency Icra had upgraded ratings on the company's long-term debt facilities from 'AA(Stable)' to 'AA+(Stable)'

Sebi imposed a penalty of Rs 25 crore on Yes Bank in the matter of misselling the lender's AT-1 bonds few years ago

Anil Agarwal-led Vedanta Resources Ltd's sweetened offer to buy back 17.5 per cent share in its Indian flagship firm was subscribed 57.5 per cent, helping it raise its stake to about 65 per cent

Gold loans had boomed over the past year as small businesses tried to revive themselves from lockdowns by pledging family jewelry that's a staple of almost all Indian households

Under his stewardship, Muthoot Finance achieved new heights of growth and became the market leader in the gold loan industry

MG George Muthoot, the chairman of Muthoot Finance which is the largest gold loan NBFC in the country, passed away this evening in his New Delhi home after a fall, according to the family.