Results are all good. Nothing wrong in balance sheet
Commentary is good
It s just that the stock has run up a lot in last one year. It will hit new all time high soon
Hold on
Post result selling with volume, seems to indicate below:
Smart money might be sensing near term gold top (until something horribly goes wrong in world ).
Competition is fierce now, easy money in both gold business and muthoot stock is gone (since gold has made near term top).
No customer growth, gold tonnage de-growth but AUM growth, means same customer top up loans and doing heavy lifting (not possible to go on , if gold has made near term top).
my view is, stock might still go back to 3800-4000 level but at every rise, smart money might sell out.
please consult your financial advisor, above is my view - there is no advice of buying or selling.
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People who are predicting on Gold Top, have no idea, why people r buying gold..
There r multiple reasons why gold moved 2000 to 5000…may be good reading is suggested
To be clear, i said near term ( key ! ).
this could be near time bottom actually . we would see it inching upwards . This would boost muthoot finance. Even if its 10% cagr for next two years, muthoot is poised to grow significantly also because of expected credit growth .
Investor and holding it