"The 25 bps cut is in line with our expectation which will aid the RBI to boost the liquidity in the system. The overall investment demand and the credit environment of the economy will pick up.
We expect further rate cuts to come our way if the inflationary pressures are well under control."
Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.518.85 as compared to the previous close of Rs. 515.6. The total number of shares traded during the day was 72396 in over 1507 trades.
The stock hit an intraday high of Rs. 526 and intraday low of 508.35. The net turnover during the day was Rs. 37514819.