Muthoot Finance may get added to MSCI India Index soon: Analysts

An astounding rally in the shares of Muthoot Finance has made the lender big enough to be added to the MSCI India Index, analysts say.

Shares of India’s largest cash-for-gold lender have surged 71 per cent this year, the third-biggest gain on a gauge of the nation’s top 200 firms. The company is now valued at $7 billion, a size that may spur MSCI to include the stock in its gauge at the quarterly review due in August, according to Edelweiss Financial Services and Target Investing.

While most Indian lenders are facing one of the world’s biggest pile of bad loans, Muthoot