India's M&M Financial set for worst day in over 6-months on weak Q2 loans data

Mahindra and Mahindra Financial Services

04/10/2024 05:18

** Shares of Mahindra and Mahindra Financial Services
 MMFS.NS  down 5.7% to 304 rupees, their biggest one-day fall
since March 13
    ** Non-banking lender's Q2 disbursements declined 1% YoY
    ** Q2 collection efficiency was flat at 96% YoY
    ** Avg rating of 33 analysts covering the stock is "Hold,"
same as that of peer LIC Housing Finance  LICH.NS  
    ** Stock's median PT is 310 rupees - LSEG data 
    ** Stock up 9% YTD vs 18% rise in LICH

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))