Muthoot Finance Surges to All-Time High, Market Cap Nears Rs 1 Trillion
2025-03-19
Business Standard
Muthoot Finance has been on a tear, rallying 4% to hit an all-time high, with its market capitalization nearing the Rs 1 trillion mark. This surge comes after S&P Global Ratings upgraded the company's Long Term issuer rating to 'BB+/B' from 'BB/B' with a stable outlook, sparking a 10% increase in its stock price over the past three days. The upgrade reflects the company's strong financial performance and stable outlook, making it an attractive investment opportunity in the financial services sector, particularly in microfinance and gold loans.
