Manappuram, Muthoot Finance shares rally up to 7% to fresh peaks. What’s pushing the gold lenders higher?
Shares of Manappuram Finance and Muthoot Finance surged up to 7% on Wednesday, scaling fresh all-time highs on the BSE as domestic and global gold prices touched new records, reinforcing investor appetite for gold-backed lenders. Manappuram Finance jumped as much as 6.8% to a 52-week high of Rs 314.70, while Muthoot Finance rose 2.1% to…