Buy Muthoot Finance, target price Rs 1509: ICICI Securities

ICICI Securities has purchase approach Muthoot Finance with an objective cost of Rs 1509.

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The ongoing business sector cost of Muthoot Finance is Rs 1065.7.

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Time span given by investigator is one year when Muthoot Finance Ltd. cost can arrive at characterized target.

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Muthoot Finance Ltd., consolidated in the year 1997, is a Large Cap organization (having a market cap of Rs 42648.95 Crore) working in NBFC area.

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Muthoot Finance Ltd. key Products/Revenue Segments incorporate Interest, Income From Sale Of Share and Securities,

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Service Charges, Sale of administrations and Dividend for the year finishing 31-Mar-2021.

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For the quarter finished 31-03-2022, the organization detailed a Consolidated Total Income of Rs 3041.14 Crore.

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down - 4.01 % from last quarter Total Income of Rs 3168.09 Crore and down - 2.50 % from last year same quarter Total Income of Rs 3118.98 Crore.

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Organization revealed net benefit after duty of Rs 1006.22 Crore in most recent quarter.

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Advertisers held 73.37 percent stake in the organization starting around 31-Mar-2022, while FIIs claimed 12.13 percent, DIIs 9.68 percent.

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