Sell Muthoot Finance, target price Rs 470: Edelweiss

Edelweiss Financial Services has a sell call on Muthoot Finance Ltd. with a target price of Rs 470.0 . The current price of Muthoot Finance Ltd. is Rs 514.85 Time period given by the analyst is Intra Day when Muthoot Finance Ltd. price can reach defined target. . Edelweiss Financial Services recommended to keep a stoploss at Rs 550 .

Muthoot Finance Ltd., incorporated in 1997, has a market cap of Rs 20647.41 crore.

Muthoot Finance's key products/revenue segments include Interest which contributed Rs 6757.01 crore to sales value (98.23 per cent of total sales); Service Charges which contributed Rs 50.20 crore to sales value (0.72 per cent of total sales); Income From Sale Of Share & Securities which contributed Rs 48.05 crore to sales value (0.69 per cent of total sales) and sale of services which contributed Rs 21.15 crore to sales value (0.30 per cent of total sales)for the year ending March 31, 2019.


For the quarter ended December 31, 2019; the company reported consolidated sales of Rs 2577.85 crore; up 7.53 per cent from last quarter sales of Rs 2397.38 crore and up 35.09 per cent from last year same quarter sales of Rs 1908.22 crore. The company reported net profit after tax of Rs 849.26 crore in the latest quarter.