Muthoot Finance Faces Stock Decline Amid Broader Market Gains in October 2023

Feb 14 2025 10:20 AM IST
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Muthoot Finance's stock price fell today, closing at Rs 2228.25 after reaching an intraday low. Despite this decline, the company remains close to its 52-week high and has shown resilience over the past month, outperforming the broader market while trading above key moving averages.
Muthoot Finance, a prominent player in the finance and non-banking financial company (NBFC) sector, has experienced notable activity today, with its stock price declining by 4.02%. The stock closed at Rs 2228.25, marking a significant intraday low of Rs 2228.25, which is 3.85% lower than its previous close. Despite this downturn, Muthoot Finance remains just 4.72% away from its 52-week high of Rs 2335.

In terms of performance metrics, Muthoot Finance underperformed the sector by 3.33% today, contrasting with the broader market, as reflected by the Sensex, which gained 0.30%. However, the company has shown resilience over the past month, with a performance increase of 4.42%, while the Sensex recorded a slight decline of 0.17%.

Notably, Muthoot Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong long-term trend. As a large-cap company in the finance sector, Muthoot Finance continues to be a significant player in the market landscape.
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