Is There A Ticking Time Bomb In India's Gold Loan Portfolio?
Piramal Finance left its position unchanged.
· NDTV Profit
Lenders are protected by the jewellery they hold. Bureau data and a warning from Piramal Finance suggest many of the borrowers pledging it are already in trouble elsewhere.
The analysis
Against that, the stock is +3.9% on the day at ₹2,025.00, and has returned -8.3% over three months. It sits 12% below its 52-week high. The financial services sector has moved -12.3% over the same period, so Piramal Finance is running 4.0 points ahead of its peers.
For Piramal Finance, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Market context
- The company directly in focus is PIRAMALFIN.
- Sector exposure: Financial Services.
In this story
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