IDBI Capital has reiterated a “BUY” recommendation on Muthoot Finance, raising its target price to Rs. 4,060 from the current market price of around Rs.

Muthoot Finance stock price jumped 5.5 percent during the trading session as overall market sentiment has turned positive. Markets were trading firm after selloff during the previous sessions.

In a quarter defined by scale, discipline and regulatory tailwinds, Muthoot Finance delivered one of its strongest operating performances in recent memory.

Marico, Muthoot Finance and L&T Finance touched 52-week highs during the session as Indian markets hover around all-time highs.

Muthoot Finance share price jumped 7 percent on Friday as the company announced strong quarterly numbers. Muthoot Finance closed the session at Rs 2,454 after touching all-time highs at Rs 2,470.

LKP Securities has initiated coverage on Muthoot Finance Limited (MFL) with a BUY recommendation, assigning a 12-month target price of Rs 2,849, representing a 22% upside from the current market pr