Kotak Institutional Equities has downgraded Muthoot Finance to “add” from its earlier rating of “buy” and has also trimmed its price target to ₹2,250 from ₹2,400 earlier. It has cut its earnings estimates for Muthoot by 10%.
Kotak Institutional Equities has downgraded Muthoot Finance to “add” from its earlier rating of “buy” and has also trimmed its price target to ₹2,250 from ₹2,400 earlier. It has cut its earnings estimates for Muthoot by 10%.