Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country.[3] In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins. The company’s headquarters are located in Kerala, India, and it operates over 4,400 branches throughout the country. Outside India, Muthoot Finance is established in the UK, the US, and the United Arab Emirates.The company falls under the brand umbrella of the Muthoot Group. Its stocks are listed on the Bombay Stock Exchange (BSE) and NSE. As of March 2012, revenue (after expenditure) stood at more than ₹23,000 crore (US$4.2 billion).[4] The target market of Muthoot Finance includes small businesses, vendors, farmers, traders, SME business owners, and salaried individuals. All of the philanthropic activities of Muthoot Finance are conducted through the Muthoot M George Foundation, which also conducts tree plantation drives[21] and offers scholarships[22] to the needy on a regular basis. The company is also involved in various philanthropic initiatives, which focus on education through M George Foundation,[23] environment, health, financial assistance and eco-friendliness.[24] With the assistance of the Credai Clean City Movement, the company is associated with the concept of an E-toilet, which was a public sanitation initiative.[25] Additionally, the company holds regular agricultural seminars by the name of “Ente Adukkalathottum” (“My Kitchen Garden”) which educates farmers on the effects of pesticide residues in food and how to counter that for healthier living. It has also been actively involved in helping cancer patients, as well as individuals diagnosed with from kidney diseases, by financially covering medical expenses.[26] The company was incorporated as a private limited company on 14 March 1997 with the name “The Muthoot Finance Private Limited” under the Companies Act.[5] On 18 November 2008, the company was converted into a public limited company with the name “Muthoot Finance Limited”.[6] During the year 2009–10, the company added 620 new branches.[7] In July 2016, Muthoot Finance acquired 46.83% of the capital of Belstar Investment and Finance Private Limited (BIFPL).[8]
Script Name –MUTHOOT Finance
Expire Date-JULY
Buy Price –1600-1602.9
Profit Target-1660
Stop Loss-1573
Call Duration-CARRY FORWARD
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