Despite lower penal interest and a negative carry of higher liquidity, ~14% margin underscore pricing power, with paucity of competition from in-group (other gold jewellery financiers) as well as substitute products.
from The Financial Express https://ift.tt/3j31o1Y
Thursday, 20 August 2020
Muthoot Finance rating: Maintain ‘buy’ with target price of Rs 1450
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