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Buy Muthoot Finance, price target Rs 737: Arun Kumar

The analyst suggested a stoploss at Rs 679.

ETMarkets.com|
Updated: Dec 11, 2019, 09.11 AM IST
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Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 27731.80 Crore) operating in NBFC sector.
Arun Kumar of Reliance Securities has a buy call on Muthoot Finance Ltd. with a target price of Rs 737.0 . The current price of Muthoot Finance Ltd. is Rs 691.8 . Arun Kumar recommended to keep a stoploss at Rs 679 .

Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 27731.80 Crore) operating in NBFC sector.

Muthoot Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 6757.01 Crore to Sales Value (98.23 % of Total Sales), Service Charges which contributed Rs 50.20 Crore to Sales Value (0.72 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 48.05 Crore to Sales Value (0.69 % of Total Sales), Sale of services which contributed Rs 21.15 Crore to Sales Value (0.30 % of Total Sales) and Wind Mills which contributed Rs 1.80 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2397.38 Crore, up 15.95 % from last quarter Sales of Rs 2067.67 Crore and up 31.86 % from last year same quarter Sales of Rs 1818.09 Crore Company has reported net profit after tax of Rs 908.54 Crore in latest quarter.

The company’s top management includes Justice(Retd)Jacob Benjamin Koshy, Mr.Alexander M George, Mr.George Alexander Muthoot, Mr.George Jacob Muthoot, Mr.George Joseph, Mr.George Thomas Muthoot, Mr.John K Paul, Mr.Jose Mathew, Mr.M G George Muthoot, Ms.Pamela Anna Mathew. Company has Varma & Varma as its auditoRs As on 30-09-2019, the company has a total of 400,732,901 shares outstanding.

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