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Muthoot Finance Ltd ( (IN:MUTHOOTFIN) ) has shared an announcement.
Fitch Ratings has upgraded Muthoot Finance Limited’s issuer credit rating from ‘BB’ to ‘BB+’ with a stable outlook. This revision reflects positively on the company’s financial stability and could enhance its reputation in the financial markets, potentially leading to improved stakeholder confidence and better access to capital.
More about Muthoot Finance Ltd
Muthoot Finance Ltd is a prominent financial services company in India, specializing in gold financing. It primarily offers loans secured against gold jewelry, catering to individuals and businesses seeking quick access to funds. The company operates extensively across India, focusing on leveraging its strong brand presence and extensive branch network to maintain its leadership in the gold loan market.
Average Trading Volume: 30,781
Technical Sentiment Signal: Buy
Current Market Cap: 1073.2B INR
For an in-depth examination of MUTHOOTFIN stock, go to TipRanks’ Overview page.