Muthoot Finance shares plunge 11 percent as investors question profit sustainability
Shares of the gold loan provider fell sharply today as analysts flagged concerns over core margins. Despite a profit jump, gains relied on loan recoveries.
Insights:
Shares of Muthoot Finance Limited in India 
IN fell more than 11 percent on Friday after the company reported a near doubling of its quarterly profit. The sharp market reaction followed an earnings announcement that initially appeared positive but prompted immediate scrutiny from analysts regarding the composition of the reported income.
IN fell more than 11 percent on Friday after the company reported a near doubling of its quarterly profit. The sharp market reaction followed an earnings announcement that initially appeared positive but prompted immediate scrutiny from analysts regarding the composition of the reported income.
