Buy Muthoot Finance, target Rs 396: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Muthoot Finance Ltd. with a target price of Rs 396.0 .The current market price of Muthoot Finance Ltd. is Rs 385.55 Time period given by analyst is Intra Day when Muthoot Finance Ltd. price can reach defined target. Dr CK Narayan recommended to keep stop loss at Rs 380.

Muthoot Finance Ltd., incorporated in the year 1997, is a largecap company with a market cap of ₹ 15401.78 crore operating in Finance sector.

Muthoot Finance Ltd. key Products/Revenue Segments include Interest which contributed ₹ 4799.52 Cr to Sales Value (98.72 % of Total Sales), Other Operating Revenue which contributed ₹ 60.73 Cr to Sales Value (1.24 % of Total Sales) and Income From Wind Energy which contributed ₹ 1.14 Cr to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Standalone sales of ₹ 1696.16 Cr., up 28.26% from last quarter Sales of ₹ 1322.45 Cr. and up 18.69% from last year same quarter Sales of ₹ 1429.06 Cr. Company has reported net profit after tax of ₹ 321.78 Cr. in latest quarter. The company’s CEO is Mr.George Alexander Muthoot. It's Board of Directors include Mr.Maxin James, Mr.Alexander M George, Mr.George Alexander Muthoot, Mr.George Jacob Muthoot, Mr.George Joseph, Mr.George Thomas Muthoot, Mr.John K Paul, Mr.K George John, Mr.K John Mathew, Mr.M G George Muthoot, Mr.Maxin James, Mr.Oommen K Mammen, Ms.Pamela Anna Mathew. Company has its registered office at 2nd Floor, Muthoot Chambers,, Opposite Saritha Theatre Complex,, 2nd Floor, Banerji Road, Kochi, 682018, Kerala. Company has Rangamani & Co as its auditors. As on 31-03-2017, the company has a total of 399,475,549 shares outstanding.