Muthoot Finance shares tumbled over 10% after the gold loan lender reported slower AUM growth and margin pressure in the June quarter. While brokerages flagged intensifying competition and weaker profitability, they expect gold loan demand to remain healthy, with future performance hinging on margins, gold prices and competitive pricing.
Muthoot Finance shares tumbled over 10% after the gold loan lender reported slower AUM growth and margin pressure in the June quarter. While brokerages flagged intensifying competition and weaker profitability, they expect gold loan demand to remain healthy, with future performance hinging on margins, gold prices and competitive pricing.
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Shares of Muthoot Finance plunged over 10% to Rs 2,767 on the BSE on Monday after India's largest gold loan financier reported slower asset growth in the June quarter.Standalone assets under management (AUM) grew 43% year-on-year (YoY) and 6% quarter-on-quarter (QoQ), while consolidated AUM rose 43% YoY and 5% QoQ. The moderation followed eight straight quarters of exceptionally strong growth driven by surging gold prices.Buy, sell or hold Muthoot Finance shares after Q1?Motilal Oswal has retai…
