Time period given by analyst is Intra Day when Muthoot Finance Ltd. price can reach defined target.
Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 61413.60 Crore) operating in NBFC sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2963.42 Crore, down -4.99 % from last quarter Total Income of Rs 3118.98 Crore and up 13.68 % from last year same quarter Total Income of Rs 2606.82 Crore. Company reported net profit after tax of Rs 978.59 Crore in latest quarter.
Investment Rationale
Stock has now recovered more than 50% of the first round of correction.
Promoter/FII Holdings
Promoters held 73.4 per cent stake in the company as of June 30, 2021, while FIIs held 15 per cent, DIIs 7.7 per cent and public and other 3.9 per cent.
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