Muthoot Finance Crashes 10%: Why Parag Thakkar Is Turning Cautious On Gold Finance Stocks

Parag Thakkar believes the best days for the gold finance business may already be behind us. Following a sharp fall in Muthoot Finance, he explains why rising competition is beginning to squeeze margins across the sector.

According to him, after several years of exceptional growth, almost every major NBFC is entering the gold loan business, increasing competitive pressure and reducing profitability.

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