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Muthoot Finance gains on foraying into ATM business

05 Feb 2014 Evaluate

Muthoot Finance is currently trading at Rs. 132.25, up by 3.65 points or 2.84 % from its previous closing of Rs. 128.60 on the BSE.

The scrip opened at Rs. 127.00 and has touched a high and low of Rs. 134.00 and Rs. 127.00 respectively. So far 13560 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.55 on 06-Feb-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. 131.40 and Rs. 120.25 respectively. The current market cap of the company is Rs. 4917.76 crore.

The promoters holding in the company stood at 80.12 % while Institutions and Non-Institutions held 9.73 % and 10.15 % respectively.

Muthoot Finance has forayed into the ATM business by launching its first-ever white-label Automated Teller Machine (ATM). Moreover, the company will roll out 100 ATMs on a pan-India basis by end March. Of the total planned 100 ATMs by end-March, as many as 50 will come up in the South.

Further, the company will ramp up its ATM network to 9,000 in three years and in this regard the company will invest Rs 300 crore.

Apart from rolling out ATMs in its gold loan branches, the company will be located in its other business verticals, such as hotels, education and healthcare, and in public locations where the footfalls are high.

The Reserve Bank has permitted non-banking companies to set up ATMs, referred to as WLAs, to increase the penetration of the facility across the country.

Muthoot Finance Share Price

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