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Informist, Friday, Nov. 14, 2025

By Anjana Therese Antony

MUMBAI – Strong earnings growth for the September quarter drove bulls to the options chain of Muthoot Finance Friday, with premiums on out-of-the-money call options surging manifold. Aggressive upside bets were also added to the futures series of Muthoot Finance after the stock surged and hit its record high during the day. 

The stock reached an all-time high of INR 3,755 Friday and closed almost 10% higher at INR 3,725.60 on the National Stock Exchange, gaining more than INR 133 billion in market capitalisation. The near-term resistance for the stock is seen at INR 3,800 and support at INR 3,700-INR 3,650.

However, the stock is unlikely to sustain above the key resistance of INR 3,800 due to its recent run-up, a technical analyst at a domestic broking firm said. The stock has extended its winning run to the fourth month in a row in November, gaining more than 40% during this period. 

For the September quarter, the financial services company posted an 87% on-year growth in its net profit, and a 56% rise in revenue to INR 64.32 billion. The record high top line was supported by the sharp rise in gold prices. 

Nirmal Bang Institutional Equities upgraded the stock rating to 'buy' from 'hold' and raised the target price to INR 4,000 from INR 3,526 earlier. "...we have been positive on Muthoot Finance because of its strong customer acquisition & retention measures, entry into new geographies & segments and its ability to grow through strong internal accruals," the broking firm said in its post-earnings report. 

Premiums on call options INR 3,800-INR 3,950 rose 26-264% and those on put contracts INR 3,700-INR 3,400 declined around 90%, indicating the near-term optimism towards the stock. The highest addition of open interest was at INR 3,800 call and INR 3,700 put options. Open interest on the December futures contract rose 234% to 272,800 and that on the January series increased 311% to over 49,000. 

--Nifty 50 November closed at 25971.60, up 17.80 points; 61.55-point premium to the spot index

--Nifty 50 December closed at 26157.00, up 22.10 points; 246.95-point premium to the spot index

--Nifty 50 January closed at 26308.00, up 0.80 points; 397.95-point premium to the spot index

Muthoot Finance, Infosys, Adani Enterprises, Vodafone Idea, ICICI Bank, State Bank of India, HDFC Bank, Hero MotoCorp, Voltas, Reliance Industries, Tata Steel, Jubilant Foodworks, Eicher Motors, Tata Consultancy Services, and Axis Bank were the most actively traded underlying stocks Friday.  End

Edited by Tanima Banerjee

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