Business Standard

Gold Financing Companies

Mannapuram Finance, Muthoot Finance gain up to 3% in trade; here's why

Spot gold gained 1.1 per cent to $2,662.98 per ounce, as of 01:41 PM ET (1841 GMT). US gold futures settled 1 per cent higher at $2,685.50

Mannapuram Finance, Muthoot Finance gain up to 3% in trade; here's why
Updated On : 10 Dec 2024 | 12:17 PM IST

RBI's stern warning to gold financiers likely to take a toll on NBFCs

While large players may not be impacted, lesser-vintage firms could have to mend ways

RBI's stern warning to gold financiers likely to take a toll on NBFCs
Updated On : 01 Oct 2024 | 11:38 PM IST

Muthoot Finance Q3 results: Net profit up 23% owing to higher gold prices

The company posted a consolidated net profit of Rs 1,145 crore during the third quarter of 2023-24

Muthoot Finance Q3 results: Net profit up 23% owing to higher gold prices
Updated On : 14 Feb 2024 | 8:25 PM IST

Manappurm Finance hits 52-week high; up 11% in a week on improved outlook

CRISIL Ratings believes MFL's capitalisation and asset quality will remain strong supported by its gold loan business.

Manappurm Finance hits 52-week high; up 11% in a week on improved outlook
Updated On : 03 Apr 2023 | 12:39 PM IST

Gold spot of bother: Little sparkle for financiers despite tailwinds

Increased competition, lower spreads, moderate growth are among hurdles to overcome

Gold spot of bother: Little sparkle for financiers despite tailwinds
Updated On : 29 Mar 2023 | 10:55 PM IST

TMS Ep372: Spam calls, R&D spend, gold financing companies, LCA Tejas

Why do Indians still get so much spam? Why is India Inc's R&D spend so low? Should you add gold financing companies to your portfolio? What is LCA Tejas? All answers here

TMS Ep372: Spam calls, R&D spend, gold financing companies, LCA Tejas
Updated On : 20 Feb 2023 | 8:00 AM IST

Record gold price may not bring back sheen in Muthoot, Manappuram: Analysts

Analysts believe the continued aggression of banks and fintechs would make gold loan NBFCs pivot their business models to lower spreads and margin

Record gold price may not bring back sheen in Muthoot, Manappuram: Analysts
Updated On : 17 Feb 2023 | 10:10 PM IST

Street signs: 15,800 key for Nifty, headwinds for gold financiers & more

Shares of gold finance firms, such as Muthoot Finance and Manappuram Finance, may come under pressure because of the softness in the price of yellow metal

Street signs: 15,800 key for Nifty, headwinds for gold financiers & more
Updated On : 18 Jul 2022 | 6:02 AM IST

Muthoot Finance gets RBI approval to open 150 new branches across India

Gold financing company says it will hire 600 more people for the expansion

Muthoot Finance gets RBI approval to open 150 new branches across India
Updated On : 04 Jul 2022 | 7:44 PM IST

Manappuram, Muthoot Finance: Growth concerns weigh on near-term outlook

Analysts have cut earnings growth forecast but see the stocks giving up to 34.4 per cent (Muthoot) and 58.7 per cent (Manappuram) returns on attractive valuation

Manappuram, Muthoot Finance: Growth concerns weigh on near-term outlook
Updated On : 17 Feb 2022 | 12:38 AM IST

Gold financiers in a sweet spot: Muthoot, Manappuram can grow at 10-12% pa

The share price of Muthoot Fin has risen 31% over last year, but Manappuram underperformed with 9% return

Gold financiers in a sweet spot: Muthoot, Manappuram can grow at 10-12% pa
Updated On : 05 Oct 2021 | 12:39 AM IST

Muthoot, Manappuram Fin: Charts show up to 12% upside in gold financiers

Muthoot Finance is headed towards Rs 1,700 levels

Muthoot, Manappuram Fin: Charts show up to 12% upside in gold financiers
Updated On : 03 Jun 2021 | 11:56 AM IST

Gold is down 11% so far in 2021; time to exit Muthoot Fin, Manappuram Fin?

While gold experts remain bullish on the yellow metal, analysts tracking the two non-bank finance companies (NBFCs) believe near-term headwinds continue to dampen outlook for the stocks

Gold is down 11% so far in 2021; time to exit Muthoot Fin, Manappuram Fin?
Updated On : 06 Mar 2021 | 12:01 AM IST

Gold prices climb to 8-week high; is it time to invest in gold financiers?

The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels

Gold prices climb to 8-week high; is it time to invest in gold financiers?
Updated On : 05 Jan 2021 | 12:11 PM IST

Gold Financiers: Investors advised to book profit on these stocks

Risks are similar to loan against property; both are dependent on pricing strength and demand of the underlying assets

Gold Financiers: Investors advised to book profit on these stocks
Updated On : 18 Sep 2020 | 11:07 PM IST

Gold finance, mining companies shine as gold prices scale new highs

Despite the strong gains in gold and silver prices, many experts believe the momentum in precious metals will continue

Gold finance, mining companies shine as gold prices scale new highs
Updated On : 25 Jul 2020 | 12:55 AM IST

Protection stocks offer opportunity; opt for insurance and gold finance cos

Quality stocks in banking and financial services sector are still available at attractive valuations

Protection stocks offer opportunity; opt for insurance and gold finance cos
Updated On : 03 Jul 2020 | 2:24 AM IST

Gold finance stocks: Recent rally increases risk; wait for a better entry

Rally factors in strong performance of Muthoot and Manappuram

Gold finance stocks: Recent rally increases risk; wait for a better entry
Updated On : 23 Jun 2020 | 1:17 AM IST

Street signs: 'Buy the dip' say chartists, rising free-float trade and more

The commentary by technical analysts has moved from 'sell on rallies' to 'buy the dips', with most expecting the bullish momentum, seen over the past three weeks, to sustain

Street signs: 'Buy the dip' say chartists, rising free-float trade and more
Updated On : 07 Jun 2020 | 8:35 PM IST

Amid coronavirus lockdown, gold finance companies may be less impacted

Backing of a liquid collateral and pricing power augur well

Amid coronavirus lockdown, gold finance companies may be less impacted
Updated On : 03 Apr 2020 | 2:05 AM IST