📉 Kotak Downgrades Muthoot Finance, Cuts Target Price Amid RBI Gold Loan Concerns

Kotak Institutional Equities has downgraded Muthoot Finance to ‘Add’ from ‘Buy’ and lowered its target price to ₹2,250 from ₹2,400. The move comes amid rising concerns over the RBI’s draft gold loan guidelines, which have sparked volatility in the stock.