India's Mahindra & Mahindra Financial Services gains on disbursement growth forecast

Mahindra and Mahindra Financial Services

03/07/2025 08:37

** Shares of Mahindra & Mahindra Financial Services MMFS.NS rise about 3% to 268.80 rupees, set to snap three-session losing streak

** Non-banking financial co estimates overall disbursement in Q1 at around 128 bln rupees ($1.5 bln), growth of about 1% Y/Y

** Q1 collection efficiency estimated at 95% vs 94% year ago

** Trading volume at 5.4 mln shares so far, 1.7x 30-day avg

** YTD, MMFS up nearly 4% vs about 5% gain in Nifty 500 index .NIFTY500

($1 = 85.4730 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))