GreenEdge Wealth sees upside in gold lenders, Muthoot Finance top pick
In short
GreenEdge Wealth’s Digant Haria said gold loan lenders and microfinance companies may see strong earnings growth. He also called Muthoot Finance his top pick.
The note may support interest in these lenders. He also expects HDFC Bank to have more room for a re-rating.
What the reporting says
GreenEdge Wealth Services’ Digant Haria said gold loan lenders and microfinance companies could see strong earnings growth, while naming Muthoot Finance as a top pick. The market summary also said he expects HDFC Bank to have greater re-rating potential. The note points to investor interest in lending stocks tied to gold loans and credit growth.
Why it matters
Digant Haria of GreenEdge Wealth Services highlighted gold loan lenders and microfinance companies as areas where earnings growth could stay strong. In the same market summary, he named Muthoot Finance as a top pick and said HDFC Bank may have more re-rating potential. The view is relevant to banking and lending stocks, especially lenders exposed to gold loans and microfinance.