Shares of select financials, mainly those engaged in gold loan business, have rallied by up to 20 per cent on the BSE in Tuesday’s intra-day trade in an otherwise weak market. Capri Global Capital (CGCL), CSB Bank, Muthoot Finance and Manappuram Finance are up between 7 per cent and 20 per cent. In comparison, the S&P BSE Sensex was down 0.25 per cent at 73,684 at Tuesday’s intra day deals. Click here to follow our WhatsApp channel The rally in these stocks was seen after the Reserve Bank of India (RBI) in its order dated March 04, 2024 directed IIFL Finance to stop sanctioning or disbursing gold loans, with immediate effect (including ban on any…
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Select NBFCs rally up to 20% after RBI action on IIFL Finance | News on Markets
