🏦 Muthoot Finance – Rally Wrapped in Gold!

CMP: ₹3,725 | Change: +9.8% | Sector: NBFC – Gold Finance Technical View:

broke out of consolidation with a strong volume spike (1.6M), gaining nearly 10%. The stock has now cleared resistance near ₹3,500 and is forming a fresh leg of rally. Momentum indicators remain bullish, with RSI in the 70+ zone. Support sits at ₹3,500–₹3,550, while next resistance lies at ₹3,950–₹4,100. Fundamental View: Muthoot’s strength stems from solid Q2FY26 results — profit up 14% YoY, and AUM growth steady at 12%. The company benefits from firm gold prices and steady lending yields (~13%). Asset quality is among the best in NBFCs with GNPA <1.2%. The management’s focus on personal loan diversification and branch expansion in Tier-3/4 cities supports long-term scalability. Analyst Rating: Consensus BUY with multiple broker upgrades post results. Target: ₹4,100 (≈10% upside) | Stop-loss: ₹3,550.