The market staged a rebound after significant correction from record highs, but its sustainability will be tested in coming sessions. If Nifty 50 corrects, it may try to take support at 21,900, the low of the last big bearish candle (May 9), also coinciding with a rising support trendline. However in case of further recovery, it may face a hurdle at 22,200-22,300 levels, experts said.On May 10, th...

Shares of Manappuram Finance and Muthoot Finance plummeted up to 8 percent on May 9, a day after the Reserve Bank of India reportedly sent them an advisory letter limiting cash disbursal of loans.The central bank has reportedly asked both NBFCs to strictly adhere to the Income Tax Act (IT) provision on cash disbursement and said that no NBFC should disburse loan amounts over Rs 20,000 in cash.The ...

Muthoot Finance shares have seen increased buying interest in the May series, with the cumulative open interest in futures rising 0.53 percent. Options matrix hints at a good support base formation at 1,600 and 1,660 levels while long unwinding is witnessed in call writing positions at 1,700.Avani Bhatt, Senior Vice president of derivative research at JM Financial recommended taking a bull call ra...

NBFC Muthoot Finance has lowered its guidance for the current fiscal year to 10-12% from 15% with active loan base shrinking in the third quarter.In Q3 of FY22, the number of loan accounts shrunk by 3% quarter on quarter (QoQ) while the number of active customers declined by 2% QoQ. Some customers have more than one loan account. New customer acquisition during the quarter stands at 4.2 lakh.“...

The board of directors of Muthoot Finance have approved payment of an interim dividend of Rs. 20 per equity share. "Shareholders whose names appear as on close of business hours of April 23, 2021 (a) as Beneficial owners as per the list to be furnished by the Depositories in respect of the shares held in electronic form and (b) as Members in the Register of Members of the Company in respect of sha...