📌 Muthoot Finance (CMP ₹2,783, +3.15%) – Technical & Fundamental View

🔹 Technicals: The stock has broken out above ₹2,700 with strong volumes and is trading close to the channel resistance at ₹2,850–₹2,900. RSI ~63 signals bullish momentum. Key supports: ₹2,675 / ₹2,575. Options data shows heavy Call OI at 2,800 & 3,000 (resistance) and Put OI at 2,700 (support). PCR at 0.55 suggests cautious sentiment, but a close above ₹2,800 may trigger short-covering. 🔹 Fundamentals: India’s leading gold loan NBFC with >20% ROE, strong margins, and stable GNPA (<2%). Growth visibility supported by rising rural credit demand and high gold prices. 🔹 Analyst Ratings: Brokerages maintain “Buy/Accumulate”, with targets at ₹3,000–₹3,200, citing resilient business model and profitability. 🔹 Risks: Regulatory changes in gold loan norms Gold price volatility Rising borrowing costs Competition from banks/fintech 💡 Outlook: Strong fundamentals with improving momentum. Sustaining above ₹2,800 could lead to ₹3,000–₹3,200. Traders may keep SL ₹2,675, while investors can hold for long term.