MoneyWorks4Me

Muthoot Finance gains on plans to double business transactions to Rs 7,000 crore

31 Oct 2012 Evaluate

Muthoot Finance is currently trading at Rs. 186.00, up by 1.55 points or 0.84% from its previous closing of Rs. 184.45 on the BSE.

The scrip opened at Rs. 186.30 and has touched a high and low of Rs. 188.00 and Rs. 186.05 respectively. So far 2407 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 192.30 on 09-Oct-2012 and a 52 week low of Rs. 105.70 on 25-May-2012.

Last one week high and low of the scrip stood at Rs. 190.40 and Rs. 178.60 respectively. The current market cap of the company is Rs. 6921.29 crore.

The promoters holding in the company stood at 80.12% while Institutions and Non-Institutions held 10.19% and 9.69% respectively.

Muthoot Finance, Kerala based company aims to double its business transactions to Rs 7,000 crore in value terms by the end of this fiscal. In 2011-2012, it has achieved transactions valued at about Rs 3,500 crore. The company also started offering assured gift to customers for money transfer during the festive season.

Muthoot Finance is a non-deposit taking systemically important non-banking finance company (NBFC). It is primarily in the business of lending against used household gold jewellery to individuals.

Peers
Company Name CMP
Bajaj Finance 1040.00
Shriram Finance 1007.00
Aditya Birla Capital 402.00
Tata Capital 350.05
Chola Invest & Fin. 1770.45
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