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The Economic Times

Business

Sakshi Kumari

Muthoot Finance shares crash 10% after Q1 results. What Motilal, other brokerages said

Muthoot Finance Muthoot Gold Motilal Oswal Nuvama

Shares of Muthoot Finance plunged over 10% to Rs 2,767 on the BSE on Monday after India's largest gold loan financier reported slower asset growth in the June quarter.

Standalone assets under management (AUM) grew 43% year-on-year (YoY) and 6% quarter-on-quarter (QoQ), while consolidated AUM rose 43% YoY and 5% QoQ. The moderation followed eight straight quarters of exceptionally strong growth driven by surging gold prices.

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