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Muthoot Finance shares slip 5% after June quarter result; brokerages mixed

For the quarter ended June 2020, Muthoot Finance posted a 53.46 per cent YoY rise in its consolidated net profit at Rs 853.51 crore.

Muthoot Finance | Markets | Buzzing stocks

BS  |  Indore 

Shares of Muthoot Finance, one of India's leading gold financing companies, declined over 5.5 per cent on the BSE on Thursday, a day after the company declared its financial results for the quarter ended June 2020 (Q1FY21). At 09:29 AM, the stock was trading around 4 per cent lower at Rs 1,207.50 on the BSE against Wednesday's close of Rs 1,256.

The stock hit a low of Rs 1,185.40 in the early deals on Thursday. In comparison, the benchmark S&P BSE Sensex was trading 0.82 per cent lower at 38,297.51 levels. For the quarter ...

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First Published: Thu, August 20 2020. 12:09 IST