Emmvee Photovoltaic Power

Gold prices remain strong amid global uncertainty, impacting not only the yellow metal but also companies lending against it. Muthoot Finance and Manappuram Finance, two major names in the gold loan space, are seeing strong gold-linked growth. Jefferies has given different outlooks on the two stocks, downgrading Muthoot Finance to ‘Hold’ and maintaining a ‘Buy’ rating on Manappuram Finance.