3 days ago
India's Muthoot Finance surges 10% to all-time high after upbeat results
Aug 14 (Reuters) - Shares of India's Muthoot Finance ( opens new tab jumped 10% to their all-time high on Thursday after the gold lender's quarterly results topped estimates.
Muthoot's shares looked set to gain the most since June 2020, and were last up at a record 2,760.80 rupees.
On Wednesday, it reported a bigger-than-expected 90% surge in first-quarter profit, aided by higher loan demand as prices of the precious metal soared.
