Buy Muthoot Finance, target Rs 485: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Muthoot Finance with a target price of Rs 485.

The current market price of Muthoot Finance is Rs 467.5.

Time period given by analyst is intraday when Muthoot Finance price can reach defined target.

Manas Jaiswal recommended to keep stoploss at Rs 459.

Muthoot Finance, incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 18678.32 crore) operating in Finance sector.

Muthoot Finance key Products/Revenue Segments include Interest which contributed Rs 4799.52 crore to Sales Value (98.72 % of Total Sales), Other Operating Revenue which contributed Rs 60.73 crore to Sales Value (1.24 % of Total Sales) and Income From Wind Energy which contributed Rs 1.14 crore 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 Rs 1696.16 crore, up 28.26% from last quarter Sales of Rs 1322.45 crore and up 18.69% from last year same quarter Sales of Rs 1429.06 crore.

The company’s top management includes 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, Ms.Pamela Anna Mathew. Company has Rangamani & Co as its auditors. As on 31-03-2017, the company has a total of 399,475,549 shares outstanding.