Muthoot Finance Hits New 52-Week High of Rs. 3752.9

Muthoot Finance has reached a significant milestone by hitting a new 52-week high of Rs. 3752.9 today, marking a notable achievement for the midcap non-banking financial company. This surge comes as the stock has outperformed its sector by 8.59%, reflecting strong market performance. Over the past two days, Muthoot Finance has shown a consecutive gain of 11.24%, indicating robust momentum.
The stock opened with a gap up of 6.66% today and reached an intraday high of Rs. 3752.9, showcasing its upward trajectory. Muthoot Finance is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further emphasizing its strong position in the market.

In the context of broader market trends, the Sensex opened lower but remains close to its own 52-week high, highlighting a mixed market environment. Muthoot Finance's impressive one-year performance of 106.11% significantly outpaces the Sensex's 8.54%, underscoring its strong fundamentals and growth potential. The company has consistently delivered positive results over the last ten quarters, with a remarkable net profit growth of 82.53% reported in September.