Views of Mr. George Alexander Muthoot, MD, Muthoot Finance on Seventh Bi-monthly monetary policy

"The 75 bps cut in repo rate by the RBI to reduce the cost of borrowing and 100 bps cut in CRR to boost the liquidity in the system is a welcome move.

Also, the long term repo operations (LTRO) issuances where the liquidity generated by the banks is to be invested 50% in primary and remaining 50% in secondary market is quite supportive for the NBFC sector.

The overall policy is a relief to the general market in this kind of turbulence times."

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.606.5 as compared to the previous close of Rs. 600.25. The total number of shares traded during the day was 66809 in over 3162 trades.

The stock hit an intraday high of Rs. 629 and intraday low of 582.65. The net turnover during the day was Rs. 40546271.

Source : Equity Bulls

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