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Why brokerages are cautious on Muthoot Finance despite a 52% jump in profit

Updated : August 20, 2020 12:17 PM IST

The stock fell as much as 5.6 percent to Rs 1,185.40 per share on the BSE in the intra-day deals.
Kotak Institutional Equities downgraded the stock to 'reduce' from 'add', with a target price of Rs 1,100.
Why brokerages are cautious on Muthoot Finance despite a 52% jump in profit

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