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Muthoot Finance shares surge 16% on strong March performance

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₹835.78 crore in the March quarter due to higher demand for gold loans.At 02:05 pm, Muthoot Finance was at ₹1163.15, up 16.29% from its previous close, while the benchmark index, Sensex gained 1.50% to 34010.32The company's consolidated loan assets under management increased 22% to ₹46,871 crore in 2019-20.

Majority of its revenue comes from gold loans, while it also has some presence in vehicle finance, affordable home finance and micro loan segment through its various arms.IDBI Capital in a note said, "Muthoot Finance with 88% of AUM towards Gold loan portfolio should be better off than other NBFCs.

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Russia
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Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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