India's Mahindra & Mahindra Financial rises on upbeat Q4 loans data

Mahindra and Mahindra Financial Services

02/04/2024 10:27

** Shares of non-bank lender Mahindra and Mahindra Financial
Services  MMFS.NS  up 4% at 298.35 rupees
    ** MMFS says disbursements increased 11% in Q4, incl 9% in
March
    Says Q4 collection efficiency (CE) was 98%, with March alone
at 101%
    ** Stock on track for an eighth consecutive session of gain
    ** Avg rating of 31 analysts equivalent of "buy", median PT
is 306 rupees - LSEG data
    ** Stock rose 0.8% in March qtr, after declines in previous
2 qtrs

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))