India's Mahindra and Mahindra Finance rises on potential gains from tax cuts, lower rates

Mahindra and Mahindra Financial Services

19/09/2025 08:24

** Mahindra and Mahindra Financial Services MMFS.NS rises 2% to 291.6 rupees

** Morgan Stanley reiterates "equal-weight"

** Says co expects fee income momentum to continue, net interest margins to expand to 7% from 6.7% in June quarter

** Sees demand boost from GST cuts, lower interest rates as it improves affordability for customers

** Stock rated "hold" on avg; median PT is 285 rupees, per data compiled by LSEG

** MMFS gains 11% YTD

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))