This Midcap NBFC Stock Trading Near 52 Week Low, Buy For Strong 41% Gains, 
Says Chola Wealth Direct

This Midcap NBFC Stock Trading Near 52 Week Low, Buy For Strong 41% Gains, Says Chola Wealth Direct { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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.

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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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. { "selector": ".imagebox-wrapper", "duration": "5000ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.15)"] } }

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. { "selector": ".imagebox-wrapper", "duration": "4800ms", "easing": "ease-out", "fill": "forwards", "keyframes": { "transform": ["scale(1)", "scale(1.144)"] } }

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.

Goodreturns.in advises users to consult with certified experts before making any investment decision.

By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt View more