Sell Muthoot Finance, target Rs 390: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a sell call on Muthoot Finance with a target price of Rs 390.

The current market price of Muthoot Finance is Rs 431.80.

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

Sagar Doshi recommended to keep a stop loss at Rs 450.

Muthoot Finance, incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 17,253.29 Crore) operating in Finance sector.

The company’s top management includes Justice(Retd)Jacob Benjamin Koshy, Mr.Alexander M George, Mr.George Alexander Muthoot, Mr.George Jacob Muthoot, Mr.George Joseph, Mr.George Thomas Muthoot, Mr.Jose Mathew, Mr.K George John, Mr.K John Mathew, Mr.M G George Muthoot, Mr.Pratip Chaudhuri, Ms.Pamela Anna Mathew.

Company has Varma & Varma as its auditors.

As on 30-09-2017, the company has a total of 399,566,689 shares outstanding.