🌿 Mufin Green Finance Ltd (MUFIN) | ₹117.7 ▲ +19.4%

Mufin Green Finance witnessed a sharp 19% rally, hitting new highs as investor sentiment turned bullish on the green lending and EV financing theme. The stock has seen strong momentum after a long consolidation, reflecting renewed institutional interest and optimism about the company’s expansion into sustainable finance. Technical View: Mufin delivered a breakout from the ₹95–₹100 zone on heavy volume (~18M shares). The stock trades significantly above its 14-EMA (₹98.6), confirming strong momentum. The RSI (14) at 81.2 signals an overbought condition, but this is typical during strong breakout phases. Price action shows a steep bullish candle with minimal upper shadow, indicating aggressive buying pressure. Support now lies at ₹102–₹98, while resistance is expected around ₹125–₹130. The short-term bias remains strongly bullish, though minor profit booking could occur after such a vertical rise. Fundamental View: Mufin Green Finance is an NBFC specializing in EV and green mobility financing, offering loans for two-, three-, and four-wheeler EVs. Its business model aligns with India’s push for sustainable transport and green financing initiatives. Loan book growth remains robust, with a strong focus on secured retail loans, improving asset quality, and better yield management. The company is expanding its geographical footprint while maintaining healthy NIMs. Its capital adequacy ratio remains strong, supporting further expansion. With rising ESG-focused capital inflows and government incentives for EV adoption, Mufin stands out as a key beneficiary. Analyst Outlook: Brokerage sentiment remains positive, projecting continued revenue growth and margin stability. Consensus short-term targets hover around ₹130–₹140, implying further upside potential if momentum sustains.