JKB Financial Services Ltd.

As on : 06-Jun-2025

Hot Pursuit
06-Jun-2025 15:29

Muthoot Finance jumps 18% in six days

Shares of Muthoot Finance surged 18.46% in six trading sessions from its recent closing low of Rs 2,065.85 on 29 May 2025.

The stock hit a 52-week high of Rs 2,470.25 today. The counter has soared 121.74% from its 52-week low of Rs 1,665 hit on 23 July 2024.

On the BSE, 1.17 lakh shares have been traded so far, compared with average daily volumes of 0.54 lakh shares in the past two weeks.

The stock had outperformed the market over the past month, rising 8.95% as against the Sensex's 1.92% rise.

The scrip had outperformed the market in the past three months, jumping 12.28% as against a 10.56% rise in Sensex.

The counter had also outperformed the market in the past year, soaring 39.71% as against Sensex's 9.48% increase.

On the technical front, the stock's daily RSI (relative strength index) stood at 70.551. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day, and 200-day simple moving average (SMA), placed at 2,202.91, 2,205.82, and 2,093.38, respectively. These levels will act as crucial support zones in the near term.

Muthoot Finance is the flagship company of the Kerala-based business house, The Muthoot Group, which has diversified operations in financial services, healthcare, education, and hospitality. It is India's largest gold loan-focused NBFC.

The company's consolidated net profit surged 29.7% to Rs 1,477.68 crore on a 35.3% rise in total income to Rs 5,652.94 crore in Q4 FY25 over Q4 FY24.

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