Founder: M George Muthoot
CEO: George Alexander Muthoot
Founded: 1939
Website: www.muthootfinance.com
Mid Cap Company, market cap: 12494.10(Cr)
Fundamental view
Profit making company, it is in increasing order from last 5 years.
Company is expected to give good quarterly result.
| Quarterly | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 |
| Sales | 2,604 | 2,630 | 2,577 | 2,397 | 2,067 |
| Other Income | 2 | 3 | 9 | 9 | 4 |
| Total Income | 2,606 | 2,633 | 2,587 | 2,406 | 2,072 |
| Total Expenditure | 483 | 641 | 655 | 524 | 476 |
| EBIT | 2,123 | 1,992 | 1,931 | 1,881 | 1,596 |
| Interest | 972 | 864 | 794 | 765 | 732 |
| Tax | 293 | 292 | 287 | 207 | 300 |
| Net Profit | 857 | 835 | 849 | 908 | 563 |
Trending
In this pandemic situation of COVID – 19 all businesses were closed but gold prices hiked and gold loan finance sector was performed well because in a rural area, people prefer gold loan instead of personal loan, hence business never stopped, other businesses affected a lot by profit margin but NBFC ( gold loan segment) is performing well.
Technical Analysis:
Hammer found on the chart on weekly basis. Price has given positive breakout on monthly and Weekly candles, this chart expecting positive movement in long -term. Buy above 1120 and keep the stop-loss on 998, for the first target 1215 and second target 1274 for medium-term and long-term.
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