India, March 2 -- Gold loan stocks are known to experience volatility during market corrections, especially on the back of quarterly earnings. However, sharp declines may provide a comfort level for long-term investors. With gold prices being stable amidst global uncertainty, the sector is seeing renewed interest. In this context, investors are looking at whether the correction in Muthoot Finance is a potential buying opportunity or a cause for concern.

With a market cap of Rs 1.37 lakh crore, the shares of Muthoot Finance Ltd gained about 3% in today's trading session and reached a high of Rs 3,441. When compared to its previous day's closing price of Rs 3,353.25, it is trading at a PE of 15.8 compared to its industry PE of 18.1.

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