The Economic Times daily newspaper is available online now.

    IDBI Capital maintains buy on Muthoot Finance, target price Rs 875

    Synopsis

    Shares of Muthoot closed at Rs 873, up 17%.

    BuyGetty Images
    IDBI Capital has maintained ‘buy’ rating on Muthoot Finance with a target price of Rs 875. Given the challenging environment, management is targeting a decent growth of 15% in its core gold loan book for FY20. Further, limited funding from banks owing to uncertainty around NBFCs is not going to be a problem for Muthoot in the second half, given it is now borrowing from diversified sources. All subsidiaries are witnessing healthy growth except home finance, accounting for 12% of the loan book. Shares of Muthoot closed at Rs 873, up 17%.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in