📊 Muthoot Finance (CMP ₹2,826) continues to display resilience, with the stock climbing 1.5% today and testing the upper end of its rising channel. On the technical front, price is trading firmly above 20/50/200 EMAs, showing trend strength. RSI stands at ~66, signaling bullish momentum but not yet in the overbought zone. Volume action has been supportive on up days, indicating institutional buying interest. Key support remains at ₹2,725–₹2,750, while immediate resistance lies near ₹2,880–₹2,900. A breakout above ₹2,900 can open the next leg higher toward ₹3,000–₹3,050. On the fundamental side, the company’s recent 90% YoY surge in Q1 FY26 profit and 42% AUM growth have reaffirmed confidence in its gold loan business. Rising gold prices continue to act as a tailwind, boosting loan demand and collateral values. Digital adoption and diversification into housing & SME loans provide additional growth visibility. 🔹 Analyst Ratings (Recent): Morgan Stanley: Overweight, TP ₹2,920 Nuvama: Buy, TP ₹2,993 Nirmal Bang: Buy, TP ₹2,885 ⚠️ Risks to Monitor: Regulatory tightening in NBFC space, increased competition from banks in gold loans, and volatility in gold prices. 👉 Short-Term View: As long as Muthoot holds above ₹2,750, bias remains bullish with potential targets of ₹2,950–₹3,050. Profit booking may emerge only below ₹2,725.

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