New Delhi, June 10 -- Muthoot Finance share price rallied over a percent on Tuesday, extending gains for the eight consecutive session amid sustained buying momentum. Muthoot Finance shares rose as much as 1.20% to a record high of Rs.2,570.65 apiece on the BSE.

The gold loan financier, Muthoot Finance stock price has surged 24.6% in the past eight sessions, with its market capitalization crossing the Rs.1 lakh crore-mark.

The recent rally in shares of major gold NBFC stocks, including Muthoot Finance shares, Manappuram Finance and IIFL Finance shares, escalated after the Reserve Bank of India (RBI) eased rules for small-ticket gold loans.

On Friday, the RBI issued its final guidelines on gold loans, which include more relaxed Loan-to-...