Gold loan finance companies continue to bleed after previous session’s drubbing when Reserve Bank of India (RBI) in its monetary policy statement for fiscal 2012/13 urged banks to reduce their regulatory exposure to non-banking financial companies (NBFCs) in a single to 7.5 percent of their capital fund from the current 10 percent.
Muthoot Finance is currently trading at Rs 129.75, down by 3.60 points or 2.70% from its previous closing of Rs 133.35 on the BSE. The scrip opened at Rs 133.20 and has touched a high and low of Rs 133.30 and Rs 129.55 respectively. So far 19659 shares were traded on the counter.
Manappuram Finance is currently trading at Rs 31.20, down by 0.70 points or 2.19% from its previous closing of Rs 31.90 on the BSE. The scrip opened at Rs 32.30 and has touched a high and low of Rs 32.55 and Rs 30.60 respectively. So far 604000 shares were traded on the counter.
