How to trade Muthoot Finance stock as it tests 200-DMA support? Find out

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How to trade Muthoot Finance stock as it tests 200-DMA support? Find out - Business Standard

Quick Summary:

Technical chart shows that Muthoot Finance stock has broadly held the 200-DMA support for the last two years, since May 2023.

Here's what may possibly happen next.

Consolidated revenue from operations increased by 35 per cent YoY to ₹5,621.7 crore from ₹4,163.8 crore. Further, Muthoot Finance reported its highest-ever consolidated loan Assets Under Management (AUM) at ₹1,22,181 crore, reflecting a 37 per cent Y-o-Y growth.