Muthoot Finance soars 4% ahead of Q3 earnings

Gold loan financing company Muthoot Finance rallied as much as four percent in early trade on Monday ahead of announcement of earnings for the third quarter of current financial year 2012-13.

Analysts on an average expect net interest margins of the company to improve from the 10.63 percent clocked in Q2 due to improvement in yields and fall in cost of funds.

At 10:57 hours IST, the stock rose 2.84 percent to Rs 222.45 on Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 8,268.75 crore.

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