Muthoot Finance is the largest gold loan NBFC in India with over 4,400 branches. It provides gold loans as well as other financial services including money transfers, wealth management, foreign exchange, and travel services. The company has seen strong financial performance in recent years with total income increasing 20% year-over-year in the most recent quarter. Due to its market leading position and continued financial growth, analysts believe Muthoot Finance has potential to be a multibagger stock.
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