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Muthoot Finance On Course For Worst Day Since March 2020 On Q1 Miss

Shares of Muthoot Finance Ltd. tumbled 15%, the most since March 2020 Covid-driven selloff, after its profit for the first quarter ended June missed estimates.Trading volume is 22 times the 30-day average. Share price fell below the 50-day simple moving average, suggesting potential downward price momentum.Of the 21 analysts tracking the company, 15 maintain ‘buy’, four suggest ‘hold’ and two recommend ‘sell’. The overall consensus p…

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