Muthoot Finance’s share rose by over 2% to raise 6,000 crore

Muthoot Finance’s share rose more than 2% in trade today, after the company approved a proposal to increase it to 6,000 crosses by issuing non-convertible debentures (NCDs). Muthoot Finance touched an intraday high of Rs 1,323.2, an increase of 2.01% on BSE.

Shares rose 0.51% in 2 days. Muthoot Finance trades more than the 20-day, 50-day, 100-day and 200-day moving average, but lower than the five-day moving average.

In one year, the share increased by 42%, and has increased by 7.14% since the beginning of this year. The market capitalization of the company was 52,060 kroner. The funds would be raised through the private placement of redeemable NCDs to be issued in one or more tranches, which can be decided by the board or its board from time to time, the company said in a BSE application.

In the third quarter of the current fiscal year, the gold loan financing company reported a 22 percent jump in stand-alone profit after tax of 991.4 million kroner compared to a profit of 815.2 kroner a year ago. On a consolidated basis, its profit after tax rose to 1,006.7 million from 861 million in the same quarter of the previous fiscal period. Total revenue rose 20 percent, to 2,777 million, from 2,321 million earlier.