Why is Muthoot Finance falling despite record AUM, strong Q4?

India's largest gold loan provider, Muthoot Finance, reported robust March quarter results, posting its highest-ever Asset Under Management (AUM) and a 22% year-on-year jump in net profit. However, the stock fell 6% on Thursday. An analyst attributed the weakness to concerns around RBI's draft guidelines on loan-to-value norms. Analysts expect sideways to weak price action in the near term.