1 month ago

Mahindra Finance Shares Surge 19% on Strong Q1 Results

Mahindra Finance Shares Surge 19% on Strong Q1 Results
Mahindra Finance shares surge 19% in just 2 sessions on Q1 boost; should you buy, sell, hold the NBFC stock? · livemint.com

Mahindra Finance's shares have gone up a lot in just two days because the company did really well in the first three months of the year.

They made a lot more money than last year, and their loans and investments grew too.

Some experts think it's a good time to buy the stock because the company is doing well and might keep growing.

They think the stock could go up even more in the future.

Key facts

Company
Mahindra and Mahindra Financial Services
Share Price Surge
19% in two sessions
Q1 Net Profit
₹927 crore (75% YoY increase)
AUM Growth
13% YoY
Disbursements Growth
22% YoY
NIM
7.3% (55 bps YoY increase)
Credit Cost
1.5% (44 bps YoY improvement)
Brokerage Target Prices
Emkay: ₹450, JM Financial: ₹410

Quotes

Emkay Global Financial Services

brokerage firm analyst

“"We upgrade Mahindra Finance to a 'buy' while revising up Jun-27E target price by 18.4% to ₹450 from ₹380, implying SA FY28E PBV of 1.9 times and nearly 10% of value from subsidiaries"”
livemint.com

Sources

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