{"id":2666,"date":"2024-10-01T15:38:38","date_gmt":"2024-10-01T10:08:38","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=2666"},"modified":"2024-10-01T15:38:40","modified_gmt":"2024-10-01T10:08:40","slug":"manappuram-finance-muthoot-finance-slip-upto-3-after-rbi-tightens-rules-for-gold-financiers","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/manappuram-finance-muthoot-finance-slip-upto-3-after-rbi-tightens-rules-for-gold-financiers\/","title":{"rendered":"Manappuram Finance, Muthoot Finance slip upto 3% after RBI tightens rules for gold financiers"},"content":{"rendered":"\n

Shares of Manappuram Finance and Muthoot Finance slipped upto 3 percent in trade on October 1, a day after the Reserve Bank of India directed gold financiers to review processes, identify lapses and take remedial measures within three months, which according to brokerages may weigh on their growth. This comes after the RBI flagged irregular practices at certain gold finance companies in relation to loans issued against pledged gold ornaments and jewellery.<\/p>\n\n\n\n

While Jefferies does believe that these tighter processes may hamper growth for gold financiers, it feels large gold non-bank finance lenders like Muthoot Finance should be better placed.<\/p>\n\n\n\n

Morgan Stanley seconded the view and added that rival Manappuram Finance is also better positioned after being regulated for a long period in the past.<\/p>\n\n\n\n

Between the two however, Morgan Stanley sees better margin of safety in Manappuram, backed by the cheaper valuations of the stock. Meanwhile, Jefferies stated that\u00a0IIFL Finance should remain unaffected by the RBI’s measures as it has already taken corrective measures. Likewise, at\u00a011.21 am, shares of IIFL Finance were trading over 1 percent higher on the NSE at Rs 468.40.<\/p>\n\n\n\n

Regardless, Morgan Stanley did not rule out some overhang on these stocks due to the RBI’s tightening the norms for gold financiers. Accordingly, shares of Muthoot Finance tumbled 3.5 percent to Rs 1,961.55 while Manappuram Finance was down over 2 percent at Rs 196.60 on the NSE.<\/p>\n\n\n\n

Despite the surge in gold prices to record high levels, shares of gold financiers have still witnessed muted performances in the near past. While shares of\u00a0Manappuram Finance\u00a0are down over 5 percent for the past month, those of\u00a0Muthoot Finance\u00a0and\u00a0IIFL Finance\u00a0have only posted minor gains of around 3 percent and 1 percent during the period.<\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Manappuram Finance and Muthoot Finance slipped upto 3 percent in trade on October 1, a day after the Reserve Bank of India directed gold financiers to review processes, identify lapses and take remedial measures within three months, which according to brokerages may weigh on their growth. This comes after the RBI flagged irregular practices at certain gold finance companies in relation to loans issued against pledged gold ornaments and jewellery. While Jefferies does believe that … Continue reading “Manappuram Finance, Muthoot Finance slip upto 3% after RBI tightens rules for gold financiers”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":2667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,75,210,158,166,311,228,227,103,254,102,224,257,298,300,101,105,301,165,327,329,76,77,78,79,247,365,308,361,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,12,116,19,149,147,173,145,14,118,11,150,153,265,120,9,271,190,191,13,188,18,318,8,185,316,10,17,269,148,151,146,15,331,319,16,122,144,162,23,41,25,24,27,21,194,50,312,229,226,124,33,253,126,225,119,20,258,28,297,49,127,315,121,230,295,125,115,22,113,29,328,333,317,332,334,314,52,123,131,348,366,357,309,310,359,362,354,349,351,364,213,26,182,111,130,31,62,34,30,42,219,57,112,186,169,56,171,64,132,206,59,53,264,128,43,336,242,237,51,110,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,48,63,67,60,61,65,234,71,235,54,256,117,386,233,68,193,241,335,205,261,263,209,262,337,244,66,204,70,109,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180,290],"class_list":["post-2666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-i-make-profit-in-intraday-trading","category-how-to-earn-profit-from-intraday-trading","category-how-to-invest-in-stock-market","category-how-to-make-profit-in-intraday-trading-in-share-market","category-intraday-tips","category-intraday-trad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