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Muthoot Finance stock rises 4% as Motilal Oswal assigns buy call

Shares of Muthoot Finance rose 4% today after the financial services firm Motilal Oswal announced a buy call on the gold loan NBFC. The brokerage set a target of Rs 1,750, an upside of 26% to the previous close. The stock touched an intra day high of Rs 1444, up 4% on BSE. Muthoot Finance shares stand higher than 5 day and 20 day moving averages but lower than 50 day, 100 day and 200 day moving averages.

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