Muthoot Finance trades higher on the bourses

Muthoot Finance is currently trading at Rs. 206.05, up by 4.95 points or 2.46% from its previous closing of Rs. 201.10 on the BSE. The scrip opened at Rs. 209.00 and has touched a high and low of Rs. 221.00 and Rs. 205.00 respectively. So far 22091 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.00 on 20-May-2014 and a 52 week low of Rs. 73.60 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs. 221.00 and Rs. 175.00 respectively. The current market cap of the company is Rs. 8233.12 crore. The promoters holding in the company stood at 80.12% while Institutions and Non-Institutions held 11.37% and 8.51% respectively. Muthoot Finance has planned to set up 100 white-label ATMs across the country this quarter with the focus on rural and semi-urban areas. The company has opened its first ATM in Chennai, also the 29th in the country. A white-label ATM is similar to a normal bank ATM with facilities of cash withdrawal and balance enquiry but are owned and operated by non-banking companies.  The company has partnered with FIS Payment Solutions and Services India, which would act as technical partner for the project and Federal Bank as the sponsor Bank. Muthoot Finance is a non-deposit taking systemically important non-banking finance company (NBFC). It is primarily in the business of lending against used household gold jewellery to individuals.