Archive · 22 Jul 2026
Mahindra Finance Shares Surge 19% on Strong Q1 Results
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.
Mahindra Finance shares surged 19% in two sessions due to strong Q1 results.
Consolidated net profit jumped 75% YoY to ₹927 crore.
AUM grew 13% YoY, and disbursements grew 22% YoY.
NIM expanded by 55 bps YoY to 7.3%, and credit cost improved by 44 bps YoY to 1.5%.
Brokerage firms Emkay Global and JM Financial recommend buying the stock with target prices of ₹450 and ₹410 respectively.
- Who
- Mahindra and Mahindra Financial Services
- What
- Shares surged 19% in two sessions due to strong Q1 results
- When
- 22 July 2024
- Where
- BSE (Bombay Stock Exchange)
- Why
- Driven by higher net interest margins, lower provisions, and strong financial performance
Buy
Hold/Sell
Brokerage Recommendations
Buy
Emkay Global and JM Financial recommend buying the stock due to strong growth visibility and reasonable valuations.
Hold/Sell
No opposing viewpoints provided in the articles.
- 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