Page 4 - Muthoot Finance

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

Give protection to Muthoot employees willing to work, Kerala HC tells cops

The employees have been demanding a proper salary structure, a transfer policy and bonus, among others

Higher gold prices keep the shine intact for major gold financiers

The average gold price in the September 2019 quarter, so far, is now up 11.5% from the June quarter

After Spandana Sphoorty, IPOs of more MFIs and SFBs expected in near future

At least two other MFIs are planning an IPO soon - Arohan and Muthoot Finance

Muthoot Finance hits new high; surges 26% in five-weeks post Q3 results

The stock hit a new high of Rs 612, rallied 71% from its 52-week low level of Rs 357 touched on October 9, 2018, against 9% rise in the S&P BSE Sensex.

Muthoot Finance gains 6% post Q1 results

The stock was up 6% at Rs 424 on the BSE after the company reported a 43% year on year growth in net profit at Rs 4.92 billion in Q1FY19.

Muthoot to start mutual funds, vehicle finance business this fiscal

Non Banking Finance Company (NBFC) Muthoot Finance Ltd is expected to start its mutual funds business and vehicle finance business during this fiscal year as part of its plans to grow its non-gold loan portfolio gradually. The company is expecting its revenue to grow around 20 per cent during the current fiscal year, from the last year's 10 per cent growth."At present, almost 90 per cent of our portfolio is gold loan, with the rest coming from housing finance, microfinance and the Sri Lankan subsidiary. We are planning to bring the gold loan to 85 per cent by the end of this year and to 80 per cent during the next year," said George Alexander Muthoot, managing director of Muthoot Finance. He said that the effort is to grow the non-gold loan portfolio.The company has received in-principle approval to launch the asset management company and would be setting up the business in six months. At one point of time the company had a private placement debuntures of around Rs 120 billion, which .

Muthoot Finance falls 7% post Q4 results

The stock dipped 7% to Rs 389 in early morning trade after the company reported 8% decline its standalone revenue from financing segment at Rs 15.73 billion in March quarter.

Note ban impact behind us, on track to 12% growth: Muthoot Finance MD

Muthoot Finance Managing Director George Alexander Muthoot says the company is looking at options beyond gold loans