Stock of Interest

Posted On: August 17, 2023

Stock Report: MUTHOOTFIN(NSE) 16 Aug 2023 

Muthoot Finance Ltd, established in 1939 by Mathai George Muthoot, is a prominent Indian financial corporation headquartered in Kochi. It holds the position of the largest gold loan Non-Banking Financial Company (NBFC) in India. Alongside its primary service of providing gold loans, the company extends its offerings to various other loan types, insurance products, money transfer services, and the sale of gold coins. As of 2020, it boasts a workforce of 25,554 employees. Muthoot Finance operates under the umbrella of its parent organization, The Muthoot Group, and maintains subsidiaries like Muthoot Money Private Limited and MORE. The company’s stock, traded as MUTHOOTFIN on the NSE, was valued at ₹1,261.05 with a 0.39% increase on August. 

#xCalData predicts that #MUTHOOTFIN will continue its bearish phase over the next five days and trend within the range of 1197 to 1266.  

In comparison to the previous month, the price of the stock has experienced a decline of 3.95% indicating a bearish.

The Stock has doubled thrice since 18 Sep 2015 and took an average of 1.6 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 4 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Trendline, MACD, Coppock Curve, Relative Strength Indicates Bullish Trend.  

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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