New Delhi, July 10 -- Shares of Muthoot Microfin surged as much as 16.5% in Friday's session, July 10, to hit an intraday high of Rs.245 after the company reported a strong operational update for the June quarter, boosting investor sentiment.

The rally marked the stock's biggest single-day gain in over a year and extended its year-to-date gains to 34%, as investors cheered healthy business growth, improving asset quality, and continued portfolio diversification.

The company reported disbursements of Rs.2,645 crore during the first quarter of FY27, representing a 49% year-on-year increase, reflecting robust demand across its lending businesses.

During the quarter, Muthoot Microfin also commenced gold loan disbursements under its co-lend...