Muthoot Finance Ltd Share Price – NSE /  BSE

Finance, Mid Cap

Muthoot Finance Ltd gained for a third straight session today. The stock is quoting at Rs 1860, up 1.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. Muthoot Finance Ltd has gained around 2.65% in last one month.

Meanwhile, Nifty Financial Services index of which Muthoot Finance Ltd is a constituent, has gained around 1.79% in last one month and is currently quoting at 22922.7, up 1.23% on the day. The volume in the stock stood at 2.35 lakh shares today, compared to the daily average of 7.08 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1863.1, up 0.94% on the day. Muthoot Finance Ltd is up 47.41% in last one year as compared to a 27.43% jump in NIFTY and a 18.56% jump in the Nifty Financial Services index.

The PE of the stock is 17.79 based on TTM earnings ending June 24.

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Net profit of Muthoot Finance rose 13.89% to Rs 1164.03 crore in the quarter ended June 2024 as against Rs 1022.07 crore during the previous quarter ended June 2023. Sales rose 28.87% to Rs 4473.86 crore in the quarter ended June 2024 as against Rs 3471.71 crore during the previous quarter ended June 2023.

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Muthoot Finance will hold a meeting of the Board of Directors of the Company on 13 August 2024.

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Muthoot Finance at its meeting held on 16 July 2024, has approved the issuance, settlement and allotment of issue of U.S.$100,000,000 7.125% Senior Secured Notes due 2028 to be consolidated and to form a single series with the U.S.$650,000,000 7.125% Senior Secured Notes due 2028 issued on 14 May 2024, aggregating to U.S.$750,000,000 7.125% Senior Secured Notes due 2028 under the US$ 2 billion Global Medium Term Note Programme pursuant to Regulation S of the U.S. Securities Act, 1933, as amended and in accordance with applicable Indian regulations.

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