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The Economic Times
Muthoot Finance, Manappuram Finance shares rally up to 11% in 4 days as gold crosses Rs 1.63 lakh
In the last four days, shares of Muthoot Finance and Manappuram Finance have experienced a significant rally of up to 11%, driven by the increase in gold prices, which have crossed Rs 1.63 lakh per kilogram. This surge indicates a positive sentiment among investors in response to this precious metal's upward movement. The increase in gold prices often correlates with rising stock values in financial service companies dealing with gold loans.
MonitorConfidence: HighShort term horizon
Published 24 Aug 2026, 10:31 UTC1 min read
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Summary
TL;DR
- Muthoot Finance shares have risen by up to 11%
- Manappuram Finance shares also up by 11%
- Gold prices have crossed Rs 1.63 lakh per kg
- Investor sentiment shows positive response
- Rising gold prices typically boost gold finance firms
Interesting facts
- The rise in gold prices can impact lending rates and market demand for gold loans.
- Similar trends were observed in previous rallies of gold prices affecting financial stocks.
What changed
Shares of Muthoot and Manappuram Finance rallied up to 11% attributed to rising gold prices.