Economy · India

Muthoot Microfin Shares Surge on Strong First Quarter Business Update

Muthoot Microfin's stock experienced a significant increase of over 16% on July 10, reaching a 52-week high. This surge followed a positive business update for the first quarter, which reported a 49% rise in disbursements and improved asset quality. The company also outlined plans to double its Assets Under Management (AUM) by FY30.

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