Muthoot Finance could be a beneficiary of the gold price rally. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Jefferies has reiterated its bullish outlook on Muthoot Finance by highlighting the company's strong fundamentals, including net interest margin expansion and lower credit cost. The brokerage firm has even raised the target price for the counter by as much as of 31%.

Muthoot Finance is expected to benefit from the recent gold price rally, says Jefferies, which has maintained a 'buy' rating on the counter while raising the target price from Rs 2,950 to Rs 3,860.

How Does Rising Gold Prices Benefit Muthoot?

Jefferies explains that the ongoing rally in gold prices should aid the company's loan growth while supporting margins.

“Higher

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