Muthoot Finance shares jump over 7% on strong Q3 results; NIM at 17.1% highest in 12 quarters

Shares of Muthoot Finance ltd jumped over 7 percent on Monday, buoyed by a strong third quarter performance. The gold finance company’s shares quoted at Rs 792.35 apiece, up 6.3 percent on BSE at 9.36 am. The stock opened at Rs 774, up over 3.5 percent from its Friday’s close of Rs 746.60. The stock surged to a new 52-week high of Rs 801.70 per share. So far this year, the stock has gained nearly 3 percent, while the one year return on the stock is more than 50 percent…

Read More

Volvo XC40: Can this rival the BMW X1, Audi Q3, Mercedes GLA ?

Volvo is all set to launch the XC40 on 4th July and this SUV will rival the likes of the Audi Q3, BMW X1 and the Mercedes-Benz GLA. The XC40 will be imported as CBU (completely built unit) and will only be offered in one trim, the R Design. Expected to be priced around Rs 35-40 lakh, ex-showroom, the XC40 will be fully loaded and will also get Volvo’s semi-autonomous driving tech. We drove the car in and around Hyderabad recently and came back impressed. It is the largest among…

Read More

Skoda Kodiaq review: better than the larger Toyota Fortuner and smaller Audi Q3?

SUVs are the flavour of the season, no two ways about it. But surprisingly, this is not limited to mass-appeal segments like compact SUVs or 7-seater family options in the Rs 15-20 lakh bracket. Even the premium space is witnessing newer options and the latest entry in the Rs 30-40 lakh segment comes from Skoda. It’s their first try at a 7-seater full sized SUV and they seem to have got it right. Why? Read on… The Kodiaq looks smart. If you want muscles and bulk, look elsewhere. This one…

Read More