Commodities & currencyMoneycontrol
Muthoot, Manappuram shares gain up to 3% as gold prices rebound
Neutral0
GreyOak summary
Shares of gold financing companies Muthoot Finance and Manappuram Finance rose up to 3% on Monday. This gain followed a rebound in gold prices, which climbed 1.26% to Rs 1,44,353 per 10 grams on the MCX. Analysts attributed the rise to fresh market positions and firm spot demand, while softer oil prices and a weaker US dollar also supported the metal's value.
What it affects
- GoldNeutral 0
Prices climbed 1.26% to Rs 1,44,353/10g.Rolling sentiment Neutral +13
- Manappuram FinanceMANAPPURAMPositive 0
Shares rose 0.45% on gold price gains.Rolling sentiment Neutral 0
- Muthoot FinanceMUTHOOTFINPositive 0
Shares gained 3% as gold prices rebounded.Rolling sentiment Positive +46
Source
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