170% return in less than 3 Months!! Is Muthoot Finance a good bid?

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Nowadays everyone is taking about Muthoot Finance, Why is this so? Its simple answer is strong financials. Bread and butter of this company is gold loan although they are having vast diversification of their earnings in areas of Housing Finance, Microfinance, Vehicle Finance and more. 
Lets Talk About its Fundamentals:-
-Muthoot Finance is having presence over 29 States/Union Territory and more than 169 tonnes of gold is kept as security.
-Total Assets Under Management is Rs. 342,461 Million of which Rs. 335,853 Million is from gold loan only.
- While talking about revenue in FY 2019 their total revenue is Rs. 68,806 Million which was Rs. 63,331 Million in FY 2018, so from prior year it rose almost 8.7%. If we talk on quarter basis then in Q4 FY 2019 their total revenue is Rs. 18,319 million which was Rs. 16,827 Million in past quarter Q3 FY 2019.

Lets have a look on its technicals:-
- As we all know that recently stock market crashed in march, and on 24th march Muthoot Finance made a low of Rs. 476.80 and this stock  made all time high of Rs. 1284. This stock recovered 807.2 point in just less than 3 months.
- 170% return in just less than 3 months.

Calls on Muthoot Finance Buy, Sell or Hold:-
-No need to take any fresh entry as this stock is in overbought zone.
- Hold it as this is a good stock with strong fundamentals.
- Best time to buy in mid july or after that as there is chance of correction because of Q1 results of 2020. So a downfall can be seen.
- Best to buy if stocks comes at 850-930.

(This is just my point of view, take your decision on your analysis)


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