Shares of gold financing company Muthoot Finance rose as much as 4.5 per cent to Rs 572.05 in its biggest intra-day per cent gain since March 11.
The March-quarter profit has risen to Rs 512 crore ($72.7 mln) from Rs 508 crore a year earlier.
The company's forward PE of 11.06 is above the sector's average of 8.65.
In comparison, rivals Manappuram Finance has a forward PE of 10.25 and Sundaram Finance has 25.58.
About 890,238 shares changed hands in early trading hours, compared with the 30-day average of ~867,869 shares.
Up to Monday's close, the stock was up 6.1 per cent this year ($1 = 70.4290 rupees).
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