May 14, 2019 / 4:25 AM / 3 months ago

BUZZ-India's Muthoot Finance sees best session in 2 months on Q4 profit

** Shares of gold financing company Muthoot Finance rise as much as 4.5% to 572.05 rupees in its biggest intraday pct gain since March 11

** March-qtr profit rises to 5.12 bln rupees ($72.7 mln) from 5.08 bln rupees a year earlier

** Co’s forward PE of 11.06 is above sector’s avg of 8.65

** In comparison, rivals Manappuram Finance has forward PE of 10.25 and Sundaram Finance has 25.58

** About 890,238 shares change hands in early trading hours, compared with 30-day average of ~867,869 shares

** Up to Monday’s close, stock up 6.1% this year ($1 = 70.4290 Indian rupees)

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