India's Manappuram Finance, Muthoot Finance rise as gold jumps to 3-month high
24/08/2026 08:57
BUZZ-India's Manappuram Finance, Muthoot Finance rise as gold jumps to 3-month high ** Shares of Manappuram Finance MNFL.NS rise 2.6% to 366.8 rupees; Muthoot Finance MUTT.NS up 5.8% to 3,197 rupees
** MUTT at its highest in over 2 months
** Gold prices hit their highest in more than three months as subdued dollar lent support, while focus shifted to key U.S. inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh.
** Spot gold up 0.7% as of 1:20 p.m. IST GOL/
** MNFL and MUTT derive the majority of their revenue from gold loans
** YTD, MNFL up 18.7% and MUTT down 16.1%
(Reporting by Mridula Kumar in Bengaluru)
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