(Technical Analysis) Muthoot Finance Share Price Target 2023, 2025, 2030, 2035

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Muthoot finance share price target, Muthoot Finance share price, Muthoot finance technical analysis

Muthoot Finance Company details

Muthoot Finance logo
Muthoot Finance logo

Muthoot Finance limited is an Indian financial corporation providing gold loans as well as other finance-related services. The company also offers wealth Management Services, tourism services, sells gold coins, and gold loan services. The company is having headquarters in Kochi, Kerala, and has more than 4,400 branches throughout India. Muthoot finance was also established in the United States, United Arab Emirates, and the United Kingdom. 

Muthoot Finance stock is listed on BSE and NSE since May 2011. The revenue reported by the company for 2020 was Rs 9,707 crores. The net income reported for the same year was Rs 3,168 crores. 

Also read HDFC share price target

The current stock value is Rs 1033. The highest point touched by the stock was Rs 1690 in November 2021. The stock price consolidated between Rs 1000 and Rs 1370 from June 2020 to June 2021. Thereafter, the stock breakout and touched the maximum point. 

Technical analysis

Muthoot Finance share price analysis
Muthoot Finance share price analysis

Currently, the stock price is hovering near the horizontal line. This has been the lowest point for more than the past 2 years. This is the right time to purchase the stock. Both aggressive and conservative buyers can purchase the stock. 

The highest point touched by the stock in 2011 was Rs 160, 2012 was Rs 175, 2015 was Rs 215, 2016 was Ra 361, 2016 was Rs 475, 2019 was Rs 730, 2020 was Rs 1350, and in 2021 was Rs 1690.

Also read Bajaj Finance share price target

The company declared dividend of Rs 20 in April 2022, Rs 20 in May 2021, Rs 15 in March 2020, Rs 12 in April 2019, Rs 10 in March 2018, Rs 6 in April 2017, Rs 2 in 2016, Rs 6 in 2015, Rs 5 in 2014, and Rs 7.50 in 2013. 

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Target price

The Muthoot Finance company is expected to touch Rs 2,000 in 2023, Rs 3,500 in 2025, Rs 5,800 in 2030, Rs 9,800 in 2035, and Rs 12,000 in 2040. 

2023Rs 2000
2025Rs 3500
2030Rs 5800
2035Rs 9800
2040Rs 12000
Muthoot Finance share price target

Muthoot Finance is a growth stock and it has the potential to rise in the future. The investors were advised to do their research about the company before making a final decision to invest. The technical analysis presented above does not guarantee a 100% return on investment.

Future of Muthoot finance share

There has been increasing competition in the gold loan segment. One of the strongest competitors is Manappuram Finance. The company has also implemented a virtual assistant system to support customers. The company is also expected to diversify in future.

Also read IRFC Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030

Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details.

Frequently asked questions

1. Should I invest in Muthoot finance share?

Yes, it is a potential stock with having high growth opportunity.

2. What should be the minimum investment?

You can invest as per your budget or savings. 

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