India's Mahindra Finance climbs to five-month high on quarterly profit rise

Mahindra and Mahindra Financial Services

22/07/2026 06:18

** Shares of India's Mahindra & Mahindra Financial Services MMFS.NS extend gains to rise 8.8% to 380.60 rupees
** Stock climbs to its highest level since February 27 
** The consumer lending company's first-quarter profit surges 69.71% y/y, and revenue from operations up 12.5% y/y
** Morgan Stanley ("equal-weight") raises TP to 370 rupees from 335 rupees; says PAT beat its estimates due to lower operating and credit costs
** Centrum Broking ("buy") revises TP to 399 rupees from 379 rupees; says MMFS well-positioned to deliver structurally higher and more diversified earnings profile in medium term
** About 18.6 million shares traded by 10:41 am, 4.3x the 30-day average
** MMFS on avg rated "buy" by 33 analysts; median PT is 387.50 rupees - LSEG-compiled data
** Stock down 5.6%, YTD 

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))