Views of Mr. George Alexander Muthoot, MD, Muthoot Finance on RBI announcement - 17th April 2020

"We welcome the positive move that the RBI has announced today to infuse liquidity into the system. Through the TLTRO 2.0 scheme, we expect the liquidity challenges in the system will be eased. The announcement on reverse repo rate cut by 25bps will motivate banks to explore further lending opportunities. We appreciate the measures that RBI is taking to combat and stabilize the economy amid the pandemic."

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.702 as compared to the previous close of Rs. 693.15. The total number of shares traded during the day was 338088 in over 8334 trades.

The stock hit an intraday high of Rs. 735.3 and intraday low of 694. The net turnover during the day was Rs. 241894368.

Source : Equity Bulls

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