Muthoot Finance shares rises as RBI grants permission to open 115 new branches
The company has also delivered a better-than-expected performance as it surpasses analyst estimates.
Muthoot Finance shares rises as RBI grants permission to open 115 new branches
Gold-Loan Focused NBFC, Muthoot Finance shares surged by 1.95% to Rs 2226.55 after the company announced the receipt of permission from the Reserve Bank of India to open 115 new branches.
The announcement was made on Wednesday, 26 February 2025. The company had reported a 21% jump in consolidated net profit to Rs 1,391.5 crore on a 36% increase in total income to Rs 5,221.7 crore in Q3 FY25 as compared with Q3 FY24.
The company has also delivered a better-than-expected performance as it surpasses analyst estimates.
Muthoot Finance shares are trading higher by 0.85% at Rs 2,202.05. The stock has gained 12.46% in the last six months.
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