Motilal Oswal Initiates Coverage With Buy
Gold loan penetration levels remain low and addressable market is very large, Motilal Oswal said. Muthoot Finance niche expertise and single product focus will be the growth enablers, the brokerage said, adding that regulatory environment has stabilised, and gold prices are stable. Muthoot Finance with over 4,200 branches and assets under management of Rs 24,400 crore to gain the most from growth revival, it added.
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