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Muthoot Finance stock tumbles on sudden demise of Chairman
March 08, 2021
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Company financials sound, say analysts
The sudden demise of MG George Muthoot, chairman of Muthoot Finance, seems to have cast a shadow on the shares of the gold loan lender. On Monday, the stock went down 3.7 per cent and closed at ₹1,259.90 on the BSE, after opening the day 6.6 per cent lower at ₹1,205.
However, senior officials of the company did not want to comment on the market developments, saying that this is not a new phenomenon and there were instances in the past too when the shares had fallen.
‘Gold price impact’
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