Muthoot Finance Skyrockets to Record Highs: 66% Surge Driven by Booming Gold Loans and Upgraded Outlook!

Overview

Muthoot Finance shares hit a new high on BSE and gained on NSE, fueled by a strong business outlook. The gold loan provider reported a 42% YoY growth in AUM to ₹1.48 trillion and a 74% jump in profit to ₹4,386 crore in H1FY26. Management upgraded FY26 gold loan growth guidance to 30-35%, citing favourable RBI policies and higher gold prices. Motilal Oswal reiterates Neutral rating with a target price of ₹3,800.