📌 Muthoot Finance – Strong Momentum Sustained

– Strong Momentum Sustained Muthoot Finance continues to show strength after breaking above the key ₹3,000 resistance zone, supported by volume action and favorable sentiment in gold financing companies. 🔹 Technical View CMP ~₹3,077, holding well after a strong rally. Stock is trading comfortably above its 20/50-day EMAs (₹3,030/₹2,949), keeping the uptrend intact. RSI ~68 – momentum is positive, nearing overbought but still supportive of further upside. Support: ₹3,030–₹2,950 zone. Resistance: ₹3,120–₹3,180; a close above ₹3,180 can extend the move toward ₹3,300+. 🔹 Fundamental View Leader in gold loan financing with over 25% market share. Benefiting from higher gold prices and strong demand for secured loans. Healthy loan book growth, stable asset quality, and strong profitability. Well-diversified funding sources (banks, NCDs, securitisation) ensure liquidity strength. Long-term structural demand for gold-backed credit supports earnings visibility. ⚠️ Risks Sensitivity to fluctuations in gold prices. Regulatory changes in NBFC/gold loan norms may impact growth. Competition from banks entering the gold loan space. ⚖️ Conclusion: Muthoot Finance has maintained strong momentum above ₹3,000, supported by robust fundamentals. While short-term consolidation is possible near resistance, long-term outlook stays bullish with potential upside toward ₹3,300+ if the trend sustains.