Manappuram, Muthoot Finance Share Price Decline as Gold Prices Slip for Third Day | Stock Market Today

The gold finance sector faced a pullback on Thursday as gold prices eased for the third consecutive session. This trend put selling pressure on major players like Muthoot Finance and Manappuram Finance, with both companies witnessing notable declines in their share prices.

Market Performance

• Muthoot Finance shares fell 4.29%, closing at Rs 3,134.20 on the NSE.
• The stock has seen a three-day consecutive drop, losing nearly 6% over the period.
• Manappuram Finance also experienced a decline of 2.8%, with the share price at Rs 277.90.

Investors seemed cautious as gold prices took a breather from recent record highs, prompting profit booking in the bullion market.

Main News

Gold prices, after a strong rally in previous weeks, eased slightly as traders booked profits. Globally, the metal hovered near the $4,000-an-ounce mark, indicating a pause after sharp gains.

The dip in gold prices has a direct impact on gold loan companies. When the value of gold collateral declines, loan margins can be affected, which in turn weighs on investor sentiment toward these stocks.

Interestingly, gold prices saw a slight recovery in early trading today, hinting at a mixed sentiment among market participants.

Company Details

Muthoot Finance:

• NSE closing price: Rs 3,134.20
• Three-day decline: ~6%

Manappuram Finance:

• NSE closing price: Rs 277.90
• Daily decline: 2.8%

Both companies are closely watched in the market due to their direct exposure to gold prices. Any sharp movements in bullion rates tend to reflect immediately in their stock performance.

Summary

• Gold prices have eased for three consecutive sessions, prompting profit booking.
• Muthoot Finance slipped 4.29%, and Manappuram Finance fell 2.8%.
• The decline is linked to a moderation in gold prices and market caution.
• Despite the short-term correction, gold remains up ~55% so far in 2025, reflecting a strong performance year-to-date.

The market continues to track gold trends closely, as movements in the yellow metal directly influence the performance of gold loan companies. For investors following Muthoot Finance share price and Manappuram Finance, these developments underline the sensitivity of these stocks to bullion fluctuations.