This Midcap NBFC Stock Trading Near 52 Week Low, Buy For Strong 41% Gains, Says Chola Wealth Direct
Muthoot Finance Ltd with a target price of Rs 1,350/ share is.
If you buy the stock at the current market price, it can give a healthy return of 41%. This a market capitalisation of Rs 38,488.76 crore.
Chola Wealth Direct is a midcap stock operating in the Financial sector as market capitalisation NB RFC 38 - 488.76 crore. Gold.
It has has a ofs,
The last traded share price of Muthoot Finance is Rs 958.75/ share, down 0 .69% from its previous close of Rs 965.40 apiece.
The stock is trading near 1 .2% away from its 52 week low of Rs 947.40/ share. The stock's 52 week high is Rs 1,448/ share.
The stock has given 3 .16% negative return in the past 1 week, respectively. It has fallen 28 .82% in 1 year.
It gave 3 .01% positive return in 3 years and 145 .36% in 5 years, respectively.
Buy for a target price of Rs 1350/ share
The tradeoff between loan growth and margin, which has been evident in the last five quarters, will persist in the foreseeable future.
We expect the continued aggression of banks and FinTechs will start easing many realised that gold loan is a very operationally challenging business.
They started facing The issues in acquisition and storage, and frauds, and started realising the difficulties in the sector."
brokerage said, " MUTH, in our view, is unlikely to pursue gold loan growth at the cost of profitability.
The stock has been picked from the brokerage report of Chola Wealth Direct.
Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. advises users to consult with certified experts before making any investment decision.
By Shubham Kumar Goodreturns source: Dailyhunt