# MUTHOOTFIN (MUTHOOTFIN) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/muthootfin

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹2,839.1
- Change: +2.49%
- As of: 2026-09-18
- 1D return: +2.56%
- 5D return: -0.01%
- 1M return: -4.34%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, Muthoot Finance's technical stance is predominantly bearish across multiple timeframes. The daily trend shows the Super Trend indicator in a bearish direction, with the closing price of ₹2841.1 below key moving averages including the 20-day EMA (₹2880.05) and 50-day EMA (₹2959.65). This bearish sentiment extends to the weekly and monthly charts, where the Super Trend is also bearish and the price is below relevant moving averages. The stock is currently positioned near the lower end of its recent trading range, with a current drawdown of -0.31 and a maximum drawdown of -0.33. Recent market activity over the last 30 days shows a higher number of neutral events (2) and downside events (0) compared to positive attention events (1).

Several bearish reversal patterns were active on the monthly timeframe as of September 18, 2026, including a Bearish Engulfing Reversal and an Inside Bar. A Harami pattern was also active on the weekly timeframe. These patterns suggest potential for continued downward pressure. The nearest resistance level is observed at ₹2843.47, approximately 0.08% above the current price, followed by ₹2975.95. Key support is identified at ₹2816.73, about 0.86% below the current price, with further support at ₹2766.73.

- Daily trend is bearish, with price below the 20-day EMA (₹2880.05) and 50-day EMA (₹2959.65) as of September 18, 2026.
- Weekly and monthly timeframes also indicate a bearish trend, with Super Trend in a bearish direction.
- Bearish reversal patterns including Bearish Engulfing and Inside Bar were active on the monthly chart on September 18, 2026.
- Nearest resistance is at ₹2843.47 (0.08% above current price), with support at ₹2816.73 (0.86% below current price).
- The stock is experiencing a current drawdown of -0.31 and a maximum drawdown of -0.33.

- Bearish Engulfing Reversal
- Inside Bar
- Harami
- Evening Star

### What Changed

As of September 18, 2026, Muthoot Finance (MUTHOOTFIN) on the NSE has seen a recent price increase. The stock closed at ₹2841.1 on September 18, 2026, up from ₹2770.2 on the previous trading day. No new filings or news developments were reported in the recent period.

This price movement occurred within the context of Muthoot Finance's established profile as a company listed on the NSE. The available evidence does not indicate any changes to its fundamental business operations or strategic direction.

- On September 18, 2026, Muthoot Finance's stock price was ₹2841.1 on the NSE.
- The stock price on the preceding day was ₹2770.2.
- There were no new filings or news items reported for Muthoot Finance as of September 18, 2026.

### Official Filings

Muthoot Finance Limited has disclosed several key financial and corporate actions. On August 31, 2026, the company's Board approved a scheme to merge its wholly owned subsidiary, Muthoot Money Limited (MML), into Muthoot Finance. As of March 31, 2026, MML had total assets of ₹10,344.92 crore and a turnover of ₹1,294.13 crore. This merger is subject to approvals from the National Company Law Tribunal (NCLT), Reserve Bank of India (RBI), shareholders, and creditors. No new shares will be issued as consideration for this merger, meaning Muthoot Finance's shareholding pattern will remain unchanged.

In a separate development on September 8, 2026, Muthoot Finance completed the acquisition of an additional stake in its Sri Lankan subsidiary, Asia Asset Finance PLC. The company subscribed to 3,29,30,464 ordinary voting shares at LKR 33.30 per share, for a total consideration of approximately ₹31.80 crore (LKR 1,09,65,84,451). This transaction increases Muthoot Finance's ownership in the Sri Lankan entity to 72.92% and was executed with necessary approvals to strengthen the subsidiary's capital structure.

Furthermore, the company has confirmed the redemption of commercial papers on their respective due dates. This includes ISIN INE414G14UT3 on September 8, 2026, and ISIN INE414G14UU1 on September 11, 2026. Muthoot Finance also provided a Security Cover Certificate for the quarter ended June 30, 2026, indicating a stable security cover ratio of 1.1 times on both market and book value bases. The company reported assets valued at ₹1,55,486.44 crore (book value) and ₹1,55,490.13 crore (market value) against total debt obligations of ₹1,41,710.66 crore.

- On August 31, 2026, Muthoot Finance's Board approved a merger with its wholly owned subsidiary, Muthoot Money Limited, subject to regulatory and shareholder approvals.
- On September 8, 2026, Muthoot Finance acquired an additional stake in Asia Asset Finance PLC for approximately ₹31.80 crore, increasing its ownership to 72.92%.
- Commercial papers with ISIN INE414G14UT3 and INE414G14UU1 were redeemed on their respective due dates of September 8, 2026, and September 11, 2026.
- A Security Cover Certificate for the quarter ended June 30, 2026, filed on September 9, 2026, showed a stable ratio of 1.1 times, with assets of ₹1,55,486.44 crore (book value) securing debt of ₹1,41,710.66 crore.

- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- IDBI Trusteeship Services Limited has informed the exchange for Muthoot Finance Limited regarding Security Cover Certificate of ISIN INE414G07IG9 for Q1 for the FY 2026-2027 |SUBJECT: Security Cover Certificate
- Muthoot Finance Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition
- MUTHOOT FINANCE LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Record Date Updates |SUBJECT: Record Date Updates
- Record Date Updates |SUBJECT: Record Date Updates
- Muthoot Finance Limited has informed the Exchange about Amalgamation/Merger |SUBJECT: Amalgamation/Merger

### Fundamentals

Muthoot Finance's recent operating performance shows fluctuations across reported quarters. Revenue from operations stood at ₹8,187.60 crore in Q3 FY2025-26, increasing to ₹9,288.71 crore in Q4 FY2025-26, before declining to ₹8,671.60 crore in Q1 FY2026-27. Profit Before Tax followed a similar trend, reported at ₹3,822.46 crore in Q3 FY2025-26, rising to ₹4,584.15 crore in Q4 FY2025-26, and then decreasing to ₹3,797.13 crore in Q1 FY2026-27. Consequently, Profit Loss For Period also mirrored this pattern, with figures of ₹2,823.48 crore, ₹3,397.48 crore, and ₹2,824.84 crore for the respective periods. Interest earned showed a comparable trajectory, while finance costs increased sequentially from ₹2,918.72 crore in Q3 FY2025-26 to ₹3,458.39 crore in Q1 FY2026-27. The company's tax expense also varied, with ₹998.98 crore in Q3 FY2025-26, ₹1,186.68 crore in Q4 FY2025-26, and ₹972.29 crore in Q1 FY2026-27.

Investors may wish to monitor the company's ability to manage its finance costs, particularly in light of the sequential increase observed. The fluctuations in revenue and profit across the reported quarters suggest a dynamic operating environment. Understanding the drivers behind these revenue variations and the impact of finance costs on profitability will be key areas for ongoing observation.

- Revenue from operations was ₹8,187.60 crore in Q3 FY2025-26, ₹9,288.71 crore in Q4 FY2025-26, and ₹8,671.60 crore in Q1 FY2026-27.
- Profit Loss For Period was ₹2,823.48 crore in Q3 FY2025-26, ₹3,397.48 crore in Q4 FY2025-26, and ₹2,824.84 crore in Q1 FY2026-27.
- Finance Costs increased from ₹2,918.72 crore in Q3 FY2025-26 to ₹3,458.39 crore in Q1 FY2026-27.
- Profit Before Tax was ₹3,822.46 crore in Q3 FY2025-26, ₹4,584.15 crore in Q4 FY2025-26, and ₹3,797.13 crore in Q1 FY2026-27.

### Bull Case

Muthoot Finance's shares were noted among the top Nifty 100 gainers in early trading on Wednesday, September 18, 2026. While recent technical indicators suggest a bearish trend across daily, weekly, and monthly timeframes, with the supertrend indicator pointing to a bearish direction on all three, the stock's price has shown some upward movement within the trading session.

- Shares of Muthoot Finance were identified as top Nifty 100 gainers in early trading on Wednesday, September 18, 2026.
- The stock's closing price on September 18, 2026, was ₹2841.1.
- Technical indicators, including the supertrend, show a bearish direction across daily, weekly, and monthly timeframes as of September 18, 2026.

- RIL, HUL, Nestle, Tata Consumer, Muthoot, Hyundai shares on the rise today | Key things to know

### Bear Case

The company's technical indicators suggest a prevailing bearish trend across multiple timeframes. Daily, weekly, and monthly trends are all indicated as bearish, with the supertrend indicator pointing downwards on all these periods. This is further supported by negative slopes in short-term moving averages (EMA and SMA) on a daily basis, indicating downward momentum. The stock is also experiencing a significant drawdown, with a current drawdown of -0.31 and a maximum drawdown of -0.33, suggesting substantial price depreciation from recent peaks. Recent period returns also show caution, with a -0.26 return year-to-date and a -0.17 return over the last six months.

- The supertrend indicator is bearish on daily, weekly, and monthly timeframes as of 2026-09-18.
- Daily exponential and simple moving averages show negative slopes, indicating downward price momentum.
- The stock has experienced a current drawdown of -0.31 and a maximum drawdown of -0.33.
- Year-to-date returns are -0.26, and six-month returns are -0.17.

- RIL, HUL, Nestle, Tata Consumer, Muthoot, Hyundai shares on the rise today | Key things to know

### FAQs

**What was Muthoot Finance's recent acquisition activity and its financial impact?**

On September 8, 2026, Muthoot Finance completed the allotment of 3,29,30,464 ordinary voting shares in its subsidiary, Asia Asset Finance PLC. The company invested approximately ₹31.80 Crores (LKR 1,09,65,84,451) at LKR 33.30 per share. This increased Muthoot Finance's stake in the Sri Lankan entity to 72.92%, aimed at strengthening the subsidiary's capital structure with approvals from the Central Bank and Colombo Stock Exchange.

**How has Muthoot Finance's stock performed over different periods?**

As of September 18, 2026, Muthoot Finance's stock has shown varied returns. It experienced a return of 3% in the last day and -3% over the last 10 days. Over longer periods, the return was -2% for the last month, -11% for the last three months, and -17% for the last six months. Year-to-date, the return was -26%, while since the start of trading, the stock has returned 28%.

**What is the current technical trend and key price levels for Muthoot Finance?**

As of September 18, 2026, technical indicators suggest a bearish trend on daily, weekly, and monthly timeframes, with the Supertrend indicator pointing to 'bearish' on daily and monthly charts. Key support levels are identified around ₹2816.73 and ₹2793.47, while resistance levels are noted near ₹2843.47 and ₹2975.95.

**What was the status of Muthoot Finance's security cover for its debt obligations in Q1 FY 2026-2027?**

On September 9, 2026, Muthoot Finance submitted a Security Cover Certificate for the quarter ended June 30, 2026. The company reported a stable security cover ratio of 1.1 times on both market and book value bases. Assets valued at ₹1,55,486.44 crores (book value) and ₹1,55,490.13 crores (market value) were reported to secure total debt obligations of ₹1,41,710.66 crores.

- RIL, HUL, Nestle, Tata Consumer, Muthoot, Hyundai shares on the rise today | Key things to know
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- IDBI Trusteeship Services Limited has informed the exchange for Muthoot Finance Limited regarding Security Cover Certificate of ISIN INE414G07IG9 for Q1 for the FY 2026-2027 |SUBJECT: Security Cover Certificate
- Muthoot Finance Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition
- MUTHOOT FINANCE LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹2,766.73
- Risk regime: Higher Price Risk

### Support levels
- 2722.3
- 2585.425
- 2492.8999999999996

### Resistance levels
- 2975.95
- 3132.65
- 3169

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.56% |
| return_10 | -2.92% |
| return_1m | -1.83% |
| return_1y | -3.94% |
| return_20 | -4.34% |
| return_3m | -10.72% |
| return_5 | -0.01% |
| return_6m | -17.24% |
| return_since_start | +28.26% |
| return_ytd | -25.99% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -33.47% |
| annualized_volatility | +35.75% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Quarterly profit retreats from peak levels while year-over-year earnings continue to expand

Muthoot Finance Limited reported a sequential decline in first-quarter profit from its highest quarterly result in the available five-quarter window, though earnings remained substantially above the same period last year. Interest income grew solidly on a year-over-year basis, supported by a significant reduction in impairment charges. However, finance costs increased at a faster pace than interest income, offsetting some of the top-line gains. Operating expenses also rose compared to the prior year, contributing to a narrower sequential profit decline.

## Revenue and Interest Income

Interest earned, the primary revenue driver, totaled ₹8,557 crore for the quarter ended 30 June 2026. This represents a 5.0% decrease from the ₹9,009 crore recorded in the preceding quarter, but a 36.1% increase from the ₹6,288 crore reported in the first quarter of the prior fiscal year. Total revenue from operations followed a parallel trajectory, declining 6.6% sequentially to ₹8,672 crore while rising 34.4% year-over-year from ₹6,450 crore. Other income contributed ₹23 crore, a modest increase from the previous quarter’s ₹3 crore but below the ₹35 crore posted a year earlier.

## Finance Costs and Net Interest Income

Finance costs, representing the expense of borrowed funds, rose to ₹3,458 crore. This marks a 9.6% sequential increase from ₹3,155 crore and a 46.9% year-over-year jump from ₹2,355 crore. Because finance costs grew faster than interest income over both periods, the absolute gap between the two measures narrowed sequentially. Year-over-year, however, the difference between interest earned and finance costs still expanded, reaching ₹5,099 crore compared to ₹3,933 crore a year ago. Net interest income declined sequentially to ₹5,099 crore from ₹5,854 crore in the prior quarter, reflecting the combined effect of lower interest receipts and higher funding expenses.

## Impairment Charges and Profitability

Impairment charges on financial instruments fell to ₹121 crore, down 54.8% from the previous quarter’s ₹268 crore and 63.3% from the ₹331 crore reported a year earlier. This substantial reduction in credit costs provided meaningful support to bottom-line results. Profit before tax came in at ₹3,797 crore, a 17.2% sequential decline from the ₹4,584 crore recorded in the March quarter, yet a 43.1% increase year-over-year from ₹2,654 crore. After accounting for a tax expense of ₹972 crore, net profit settled at ₹2,825 crore. The effective tax rate held near 25.6%, consistent with historical levels. Earnings per share decreased to ₹69.72 from ₹83.43 in the prior quarter, remaining well above the ₹50.22 recorded a year ago.

## Operating Expenses

Employee benefit expenses totaled ₹738 crore for the quarter. Other operating expenses amounted to ₹548 crore, a 19.0% sequential drop from ₹677 crore, though they remained 32.3% higher than the ₹414 crore posted in the first quarter of the prior fiscal year. The sequential decline partially offsets the elevated spending observed in the preceding quarter, which was the highest across the available five-quarter window.

## Key Takeaway

Muthoot Finance’s first quarter of FY2026-27 reflects a pullback from the exceptional performance of the March quarter, driven primarily by lower interest income and higher funding costs. Despite the sequential softness, year-over-year profitability remains elevated, buoyed by strong interest income growth and a sharp reduction in impairment charges. The faster expansion of finance costs relative to interest income highlights a tightening cost of funds, which warrants continued monitoring alongside broader asset quality trends.

### Ratios

## Official filings

- 2026-09-11 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_11092026115424_CP_REPAYMENT_UU1.pdf)
- 2026-09-10 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_10092026154315_SCC_Muthoot_Finance_Limited.pdf)
- 2026-09-10 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IDBITSL_10092026154315_SCC_Muthoot_Finance_Limited.pdf)
- 2026-09-09 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_09092026180915_MFIN_Reg_30_AAF_Right_issue_SD.pdf)
- 2026-09-09 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_4732_WebXMLFile_20260909_180111511.xml)
- 2026-09-08 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_08092026143021_CP_REPAYMENT_UT3.pdf)
- 2026-09-07 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_07092026150317_SEC_MFL_NSE_2026_6730.pdf)
- 2026-09-03 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_03092026165908_SEC_MFL_NSE_2026_6728_.pdf)
- 2026-09-03 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_03092026173452_SEC_MFL_NSE_2026_6729-final.pdf)
- 2026-08-31 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_31082026155537_OutcomeBM31826sd.pdf)
- 2026-08-31 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_31082026155852_OutcomeBM31826sd.pdf)
- 2026-08-31 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_4732_WebXMLFile_20260831_180952601.xml)
- 2026-08-31 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_31082026234806_AGM_SD.pdf)
- 2026-08-31 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_31082026235042_AGM_SD.pdf)
- 2026-08-20 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_20082026150233_Record_date_Sep_2026.pdf)
- 2026-08-20 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_20082026150233_Record_date_Sep_2026.pdf)
- 2026-08-18 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_4732_WebXMLFile_20260818_175120296.xml)
- 2026-08-18 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_18082026181538_Trading_window.pdf)
- 2026-08-18 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_18082026181245_Trading_window.pdf)
- 2026-08-11 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_11082026144816_MFIN_Letter_to_SH_and_DH_sd.pdf)
- 2026-08-11 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_11082026150257_MFIN_Letter_to_SH_and_DH_sd.pdf)
- 2026-08-08 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_08082026104747_AGM_Book_Closure_Intimation_2025-26.pdf)
- 2026-08-08 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_08082026105229_AGM_Book_Closure_Intimation_2025-26.pdf)
- 2026-08-08 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/MUTHOOTFIN_08082026130748_MFIN_Post_AGM_Notice_sd.pdf)
- 2026-08-08 — Generic Announcement: Muthoot Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MUTHOOTFIN_08082026130554_MFIN_Post_AGM_Notice_sd.pdf)

## News and market events

- 2026-09-16 — Mint: **RIL, HUL, Nestle, Tata Consumer, Muthoot, Hyundai shares on the rise today | Key things to know** — Shares of Reliance Industries Limited, Hindustan Unilever, Tata Consumer, Hyundai Motor India, Muthoot Finance, etc  emerged as top  Nifty 100 gainers in the early hours of Wednesday’s trading session.  — [Source](https://www.livemint.com/market/stock-market-news/ril-hul-nestle-tata-consumer-muthoot-hyundai-shares-on-the-rise-today-key-things-to-know-11789539484574.html)
- 2026-09-11 — CNBC-TV18: **Exclusive | Is the RBI worried about gold loans? Here's what the governor said** — RBI monitors rapid gold loan growth but sees no immediate concern due to low GNPAs, LTVs, and safeguards, says Governor Sanjay Malhotra. — [Source](https://www.cnbctv18.com/business/finance/exclusive-is-rbi-worried-about-gold-loans-here-is-what-the-governor-said-19989315.htm)
- 2026-09-09 — BUSINESSTODAY: **HDFC Bank, ICICI Bank, IndusInd, Axis, Manappuram: Top financial stocks to buy; check fresh targets** — IDBI Capital stock picks, IDBI Capital target prices, IDBI Capital buy rating, banking stocks to buy, NBFC stocks to buy, best banking stocks, NBFC stocks, HDFC Bank target price, ICICI Bank target price, IndusInd Bank target price, Axis Bank target price, Federal Bank target price, DCB Bank target price, Union Bank of India target price, City Union Bank target price, Muthoot Finance target price, Manappuram target price, M&M Finance target price, Chola Finance target price, Shriram Finance target price, Aadhar Housing target price, Home First target price — [Source](https://www.businesstoday.in/markets/stocks/story/hdfc-bank-icici-bank-indusind-axis-bank-manappuram-top-financial-stocks-to-buy-check-fresh-targets-554211-2026-09-09)
- 2026-09-09 — MONEYCONTROL: **Helios Flexicap Fund cuts HDFC Bank stake, adds Coforge, PB Fintech in August** — helios, hdfc — [Source](https://www.moneycontrol.com/news/business/markets/helios-flexicap-fund-cuts-hdfc-bank-stake-adds-coforge-pb-fintech-in-august-14025636.html)
- 2026-09-08 — BUSINESSTODAY: **Gold-loan NBFCs stare at tougher competition as banks enter the market** — Gold loans, NBFCs, Muthoot Finance, Manappuram Finance, Bank competition — [Source](https://www.businesstoday.in/industry/banks/story/gold-loan-nbfcs-stare-at-tougher-competition-as-banks-enter-the-market-553801-2026-09-08)
- 2026-09-07 — BUSINESSTODAY: **Manappuram Finance, Muthoot Finance shares: Antique sees up to 21% upside on two gold loan stocks** — Manappuram Finance, Muthoot Finance, gold financiers, gold loans, gold financing, Manappuram Finance target price, Muthoot Finance target price, Antique Stock Broking, Manappuram Finance BUY rating, Muthoot Finance HOLD rating — [Source](https://www.businesstoday.in/markets/stocks/story/manappuram-finance-muthoot-finance-shares-antique-sees-up-to-21-upside-on-two-gold-loan-stocks-553554-2026-09-07)
- 2026-09-02 — NEWS.WEBINDIA123.COM: **Gold loan growth driven more by higher gold prices, repeat borrowing than new customers: Report** — The rapid growth in India's gold loan market is increasingly being driven by higher gold prices and repeat borrowing by existing customers rather than a significant rise in new borrowers or the amount of gold being pledged, according to a Motilal Oswal thematic report on the gold loan sector. — [Source](https://news.webindia123.com/news/articles/business/20260902/4493824.html)
- 2026-08-28 — BUSINESS: **Gold monetisation: Manappuram, MCX among Jefferies top stock picks** — While gold has traditionally been a dormant store of value for Indian households, the current price upcycle is increasingly turning the asset into a source of liquidity through gold-backed loans. — [Source](https://www.business-standard.com/markets/news/gold-monetisation-manappuram-mcx-among-jefferies-top-stock-picks-126082800232_1.html)
- 2026-08-27 — CNBC-TV18: **Market at close: Sensex sheds 539 points, Nifty ends below 24,100; HDFC Bank drags** — Indian equity markets remained under pressure on Thursday, with the Sensex falling 539 points to 76,933 and the Nifty declining 117 points to 24,091, ending at one-week lows. The Nifty slipped below the crucial 24,100 level, while market breadth remained firmly in favour of declines. — [Source](https://www.cnbctv18.com/market/market-at-close-sensex-sheds-539-points-nifty-ends-below-24100-hdfc-bank-drags-19978430.htm)
- 2026-08-26 — MONEYCONTROL: **Beating the Nifty on lower risk: The conviction bets inside this boutique PMS** — ONGC, HDFC, muthoot, manappuram, finance, gold, microfinance, bajaj finance — [Source](https://www.moneycontrol.com/news/business/markets/beating-the-nifty-on-lower-risk-the-conviction-bets-inside-this-boutique-pms-14016047.html)
- 2026-08-25 — BUSINESS: **Gold loan market gets crowded: Will new entrants dull incumbents' sheen?** — Gold loans stood at around ₹18.6 trillion, or nearly 11 per cent of retail credit, after growing at a 34 per cent CAGR between FY21 and FY26. — [Source](https://www.business-standard.com/markets/news/gold-loan-market-gets-crowded-will-new-entrants-dull-incumbents-sheen-126082500064_1.html)
- 2026-08-24 — Economic Times: **Stock Radar: Muthoot Finance stock showing signs of rebound after falling over 20% from highs; time to buy?** — Muthoot Finance stock has bounced back after testing support zones multiple times. This defense suggests renewed buying interest and a potential bull comeback. Experts recommend buying for targets above 3,050-3,200 levels in coming weeks. Technical indicators show positive momentum and a strengthening bullish setup. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stock-radar-muthoot-finance-stock-showing-signs-of-rebound-after-falling-over-20-from-highs-time-to-buy/articleshow/133460874.cms)
- 2026-08-24 — Economic Times: **Muthoot Finance, Manappuram Finance shares rally up to 11% in 4 days as gold crosses Rs 1.63 lakh** — Gold loan stocks Muthoot Finance, Manappuram Finance and IIFL Finance gained sharply as gold prices climbed on a weaker dollar and liquidity support from the US Treasury. Investors are watching US inflation data and Fed signals at Jackson Hole. Rising gold prices and geopolitical tensions continue supporting demand for gold-backed lending. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/muthoot-finance-manappuram-finance-shares-rally-up-to-11-in-4-days-as-gold-crosses-rs-1-63-lakh/articleshow/133455929.cms)
- 2026-08-22 — NEWS.WEBINDIA123.COM: **NBFC growth outlook remains resilient; margin pressures, asset quality key monitorables: Report** — India's non-banking financial companies (NBFCs) are likely to maintain steady growth in the near to medium term, with management teams retaining their FY27 and medium-term growth guidance as credit demand remains healthy despite geopolitical uncertainties, according to brokerage firm 360 ONE Capital — [Source](https://news.webindia123.com/news/articles/business/20260822/4489569.html)
- 2026-08-20 — CNBC-TV18: **Sensex rises 628 points, Nifty reclaims 24,200: 5 reasons why stock market snapped 7-day losing streak** — The BSE Sensex rose 628 points to 77,538, while the Nifty gained 154 points to 24,232. The Nifty Bank index advanced 256 points to 57,496, while the Nifty Midcap index gained 263 points to 63,672. — [Source](https://www.cnbctv18.com/market/sensex-rises-628-points-nifty-reclaims-24200-5-reasons-why-stock-market-snapped-7-day-losing-streak-19973681.htm)
- 2026-08-20 — MONEYCONTROL: **Manappuram, Muthoot Finance shares rise up to 4% after gold scales over 2-month peak on US Treasury move** — Manappuram, Muthoot Finance, gold prices — [Source](https://www.moneycontrol.com/news/business/markets/manappuram-muthoot-finance-shares-rise-up-to-4-after-gold-scales-over-2-month-peak-on-us-treasury-move-14011147.html)
- 2026-08-20 — CNBC-TV18: **This PSU is up 8% as markets bounce back from slump; Here's a look at the top Nifty 500 movers at market open** — Some Nifty 500 stocks rallied as others slipped on reasons including crude oil's extended rise. Here's a look at today's top gainers and losers at market open — [Source](https://www.cnbctv18.com/photos/market/nifty-500-top-gainers-losers-market-open-muthoot-finance-hdb-financial-hindalco-mmtc-oil-india-19973249.htm)
- 2026-08-17 — Economic Times: **Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 23%** — There are currently too many variables that can move the markets in either direction. Oil prices may have settled into a range for now, but there is still no clarity on how the Gulf situation will develop. If uncertainty continues, oil prices may remain elevated. In such a scenario, it is probably best to be cautious; but be nimble enough to respond as things change. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars:... — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stock-picks-of-the-week-5-stocks-with-consistent-score-improvement-and-upside-potential-of-up-to-23/articleshow/133290598.cms)
- 2026-08-15 — The Hindu: **Tech Query: Muthoot Finance, Bajaj Housing Finance, Utkarsh Small Finance Bank, Vikram Solar- What is the outlook? Where are these stocks headed?** — Explore the stock outlook for Muthoot Finance, Bajaj Housing Finance, Utkarsh Small Finance Bank, and Vikram Solar. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-muthoot-finance-bajaj-housing-finance-utkarsh-small-finance-bank-vikram-solar-what-is-the-outlook-where-are-these-stocks-headed/article71345763.ece)
- 2026-08-07 — The Hindu: **Sensex today | Stock Market Live: Sensex down 250 pts, Nifty touches 24,600 on rising oil prices; IT stocks lead Nifty gains as financials bleed** — Sensex, Nifty, Share Prices Live: Sensex traded 344.86 pts or 0.44% lower at 78,609.90 at 9.17 am after opening at  78,516.08 from the previous close of 78,954.76. Nifty 50 declined 50.60 pts or 0.21% to 24,585.40. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-7th-august-2026/article71314561.ece)
- 2026-08-03 — MONEYCONTROL: **Taking Stock: Market climbs for fourth straight day; Nifty reclaims 24,700, Sensex jumps 544 pts** — Stock Market Today,SensexToday,Nifty Today,Sensex,Nifty,Taking Stock — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-market-climbs-for-fourth-straight-day-nifty-reclaims-24-700-sensex-jumps-544-pts-13992460.html)
- 2026-08-03 — CNBC-TV18: **Muthoot, Zee and XX other buzzing stocks in trade today** — Trading on the Nifty 500 turned volatile in early deals on Monday, with a mixed bag of quarterly earnings, brokerage calls and regulatory action driving sharp stock-specific moves. While some counters rallied on strong numbers and momentum, others slipped despite healthy results as investors zeroed in on management commentary and one-off factors. Here's a look at the top gainers and losers on the Nifty 500 today. — [Source](https://www.cnbctv18.com/photos/market/nifty-500-top-gainers-losers-today-urban-company-blue-dart-muthoot-finance-zee-hfcl-q1-results-19959996.htm)
- 2026-08-03 — The Hindu: **Q1 Results Today Live: Park Medi World logs mixed Q1, DLF, UPL, Torrent Power, IREDA, KEI, Escorts Kubota, Jindal Stainless, Ather, Inox, Nazara, KIMS, MobiKwik, Texmaco, DOMS Q1 results today, Bajaj Finserv, ITC, Urban Company shares gain, Muthoot Finance, Sun Pharma, Persistent Systems in red after Q1** — Q1 Results Today, 03rd August 2026 Live Updates: Get real-time Q1 FY27 earnings updates, profit growth, revenue numbers and management outlook — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-dlf-upl-ireda-kei-doms-industries-torrent-power-escorts-kubota-jindal-stainless-aether-energy-cams-ethos-nazara-mobikwik-results-03-august-2026/article71297478.ece)
- 2026-08-03 — CNBC-TV18: **Q1 Results LIVE Updates: Park Medi World net profit rises 42%; Muthoot Finance shares fall over 10%, ITC up 4%** — Q1 Results LIVE Updates: SBI Funds Management, Ather Energy, Inox India, IREDA, DOMS Industries, DLF, Escorts Kubota, CAMS, NOCIL, Nazara Tech, PNC Infra, Torrent Power, UPL, Restaurant Brands Asia, PNC Infra, KIMS, KEI Industries, Jindal Stainless, Ethos, GSK Pharma, Bluejet Healthcare, Kansai Nerolac, JM Financial, Kalpataru, Dhanuka Agritech, Texmaco Rail, are among the companies reporting their earnings today. Results reactions will come from stocks like ITC, Maruti Suzuki, Muthoot Finance, Dixon tech, and many others. Watch this space for all the LIVE Q1 results updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-maruti-sbi-mf-upl-dlf-ireda-ioc-dixon-persistent-muthoot-cams-escorts-ather-abb-divis-share-price-liveblog-19959998.htm)
- 2026-08-03 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: Nifty rises abover 24,550; Godfrey Philips up 7%** — Sensex Today | Stock Market Live Updates: The markets are trading on a strong footing, even as the Asian markets move lower. The Nifty is up over 150 points, rising above 24,500. The Nifty Bank is also higher, jumping over 300 points, rising to 57,600. ITC, Shriram Fin and IndiGo are top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-oil-fcnr-rupee-itc-maruti-autos-ioc-divis-zee-stl-banks-share-price-liveblog-19959976.htm)

## Business profile

**Strategic vision:** Provides gold financing and diverse financial services.

### Business segments
- **Gold Financing:** Provides loans against the collateral of gold jewellery to individuals for short-term working capital needs.
- **Diversified Financial Services:** Offers a broad portfolio including money transfer, foreign exchange, insurance broking, home loans, personal loans, microfinance, and remittance services.
- **Corporate and Mortgage Loans:** Provides corporate loans, mortgage loans, factoring, business loans, and short-term loans, with operations extending to Sri Lanka.
- **Windmill Power Generation:** Engages in operations related to windmill power generation.

### Competitive strengths
- Extensive network of branches across India
- Diversified financial service offerings beyond core gold loans
- Established partnerships with financial institutions and technology providers

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/muthootfin
Markdown representation: https://faxioms.com/stocks/muthootfin?render=md