Muthoot Finance shares surged nearly 8% following a strong quarterly profit and a milestone of over Rs 1 lakh crore in assets under management (AUM), driven by a significant demand for gold loans amid tighter RBI regulations on unsecured lending. The company's gold loan AUM reached a record Rs 86,164 crore, with most loans repaid within six months. Analysts from Bernstein and Morgan Stanley have expressed positive outlooks on the stock, citing improved market conditions despite some sectoral concerns.
Analysts are optimistic about Larsen & Toubro, with Bernstein issuing an Outperform call and a target price of ₹3,891 per share, citing strong execution and a solid working capital position. Nomura also supports L&T with a Buy call and a target of ₹4,100, highlighting a significant order inflow growth guidance for FY25. In contrast, CLSA has issued a 'Hold' rating on Dabur India.
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