The company is looking to extend its competitive edge. The current valuation asks for healthy growth, but there is margin pressure from a weak sales mix and high-cost inventory, the brokerage said.
Manappuram Finance, Muthoot Finance, other gold financier stocks drop up to 3%. Here’s why
Shares of gold financiers declined as a sharp fall in gold prices and a stronger US dollar weighed on sentiment. Expectations of further US Federal