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Muthoot Finance soars on plan of foraying into white-label ATM business

30 Dec 2013 Evaluate

Muthoot Finance is currently trading at Rs. 112.45, up by 2.45 points or 2.23% from its previous closing of Rs. 110.00 on the BSE.

The scrip opened at Rs. 110.90 and has touched a high and low of Rs. 114.10 and Rs. 110.90 respectively. So far 99510 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 246.00 on 03-Jan-2013 and a 52 week low of Rs. 73.60 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 114.10 and Rs. 105.05 respectively. The current market cap of the company is Rs. 4211.51 crore.

The promoters holding in the company stood at 80.12% while Institutions and Non-Institutions held 9.63% and 10.26% respectively.

Muthoot Finance is considering to foray into the White-label ATM business in a bid to expand its business. This business segment will help the company gain access to those who are not their customers via gold loans. Besides, the company has also applied for housing finance that will cater to the rural and semi-rural masses.

White-label ATMs are automated teller machines that dispense cash, but unlike the conventional ATMs, are owned by non-banking companies.

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.

 

Muthoot Finance Share Price

3567.35 -5.20 (-0.15%)
13-Apr-2026 16:59 View Price Chart
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