New Delhi, Feb. 1 -- Gold loan NBFC stocks came under severe selling pressure during a special trading session on February 1, with Muthoot Finance and Manappuram Finance falling 7.6% and 6%, respectively.

Both stocks have remained under pressure in recent sessions. Muthoot Finance has corrected 10.5% over the last three trading sessions, while Manappuram Finance has declined by a similar margin of about 9%.

These stocks, which had ridden a strong wave in recent months amid a sharp rally in the yellow metal, have now caught the bears' attention as gold prices have seen a sharp reversal, erasing much of their early-2026 gains.

This has raised investor concerns that a sustained fall in bullion prices could lead to higher non-performing as...