Muthoot Finance Share Value | Muthoot Fincorp

Muthoot Finance Share Value | Muthoot Fincorp Share value is decreasing despite a rise in gold prices in the last three months, stocks of gold loan financiers Muthoot Finance Limited and Manappuram Finance Limited are down 17% and 35%

Muthoot Finance Share Value

The consistent drop in yields due to intense competition and lower than expected growth in assets under management has led to this downfall. For Manappuram, the fall much more as the company’s net profit took a big hit continuously for the last two quarters due to increased marketing spend. Along with this high exposure to non gold lending has also been a concern.

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