Muthoot Finance shares plunge 14% despite Q3 net profit soaring 95%. Here’s what Jefferies, CLSA are saying

Muthoot Finance shares saw a significant drop despite a sharp rise in third-quarter earnings. The company reported nearly doubled net profit and a substantial increase in total income and assets under management. Analysts from Jefferies, CLSA, and Nuvama have maintained positive ratings, citing strong performance and growth prospects.