VERIFIEDET Stocks·13 May 2026positive

Manappuram Finance, IIFL Finance, other stocks rally up to 11% as gold prices soar after import duty hike

AI Summary

·Manappuram Finance, Muthoot Finance, and IIFL Finance shares rallied significantly.
·The Indian government increased the import duty on gold to 15%.
·Higher domestic gold prices are expected to benefit gold-backed financing companies.