Brokerage firm Morgan Stanley has upgraded Muthut Finance’s share rating from Equalweight and overweight and has kept the target of Rs 2,920. Jeffers has also increased the target from Rs 2,660 to Rs 2,950 with a bye rating. Due to the strength in the gold price and low NPA risk, it is being considered a defensive play. On Thursday, August 14, the stock closed at Rs 2,754.70 with a tremendous boom of 9.75%.
