Muthoot Finance rose 3% to Rs 274.55 at 13:46 IST on BSE, on bargain hunting after sliding 12% in the preceding seven trading sessions to settle at Rs 266.55 yesterday, 20 December 2016, from its close of Rs 302.90 on 9 December 2016.
Meanwhile, the S&P BSE Sensex was up 61.58 points, or 0.23%, to 26,369.56
On the BSE, 44,000 shares were traded on the counter so far as against the average daily volumes of 74,846 shares in the past one quarter. The stock had hit a high of Rs 277.70 and a low of Rs 264 so far during the day.
The stock hit a 52-week high of Rs 405.35 on 8 August 2016. The stock hit a 52-week low of Rs 170 on 18 January 2016. The stock had underperformed the market over the past 30 days till 20 December 2016, falling 7.69% compared with the 2.11% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 26.55% as against Sensex's 7.72% decline.
The large-cap company has an equity capital of Rs 399.05 crore. Face value per share is Rs 10.
Muthoot Finance's net profit rose 70.04% to Rs 296.72 crore on 21.61% increase in total income to Rs 1386.24 crore in Q2 September 2016 over Q2 September 2015.
Muthoot Finance is the largest gold financing company in India in terms of loan portfolio.
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