India's Mahindra Financial rises as CLSA sees faster loan growth, attractive valuations

Mahindra and Mahindra Financial Services

18/09/2026 08:23

** Mahindra and Mahindra Financial Services MMFS.NS  shares rise 1.7% to 351.45 rupees  
** CLSA says while FY26 was a slow year for AUM growth it expects growth to pick up to mid-teens in FY27 and beyond 
** Says stock has corrected over the past month due to rising crude prices, making valuations attractive
** "Valuations are below that of all its vehicle finance peers," - Brokerage
** MMFS trades at forward 12 month PE of 12.31 vs industry median of 10.09 - data compiled by LSEG
** Brokerage reiterates "Outperform" rating on stock, with PT of 425 rupees
** 24 of 33 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell"; their median PT is 399 rupees
** YTD, stock down 13.6% 

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))