Here’s why shares of Manappuram, Muthoot Finance may have surged on Tuesday
Shares of Gold Financiers Manappuram Finance Ltd. and Muthoot Finance Ltd. gained as much as 8% and 14% respectively on Tuesday. On an intraday basis, this was the biggest single-day gain for Manappuram Finance since September 2020, Muthoot’s shares rose the most since June 2020. Muthoot Finance has also gained for the fifth day in …