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VERIFIEDET Markets·negative
Muthoot Finance shares crash 10% after Q1 results. What Motilal, other brokerages said
AI Summary
- ·Muthoot Finance shares fell more than 10% following the announcement of its Q1 results.
- ·The company reported slower Assets Under Management (AUM) growth and margin pressure during the June quarter.
- ·Brokerages noted increased competition and reduced profitability but anticipate sustained demand for gold loans.