M&MFS has a deep rural presence across 500,000 villages and a 12 million customer base
Vehicle financiers gain double digits in FY26 as AUM, NIMs and auto loan demand rise. Analysts turn positive on Shriram Finance, M&M Finance, Cholamandalam Investment, and Bajaj Finance
Nomura expects Indian markets to trade in the range of 20-22x one-year forward earnings, assuming risk premia remain low.
According to the analysts, disbursement growth remained soft across most lenders in Q2FY26 due to seasonality and increased caution in SME/MSME segments.
Stocks to buy: Vinay Rajani, senior technical and derivative Analyst at HDFC Securities, recommends 'Buy' on M&M Finance and Federal Bank
Stocks to buy for Diwali 2025: Bajaj Finance, Adani Power, Swiggy, SAIL, MRPL among 10 stocks that can rally up to 44% as per charts in Samvat 2082; here's a detailed outlook.
Near-term support for the Nifty is now established around 24,900, while the level of 25,220 is expected to offer immediate resistance, HDFC Securities' Vinay Rajani said
Mahindra & Mahindra Financial Services on Friday said its board has approved to raise up to Rs 3,000 crore by way of rights issue as per the simplified process. The company's board on February 13, 2025, approved a fund raise of up to Rs 3,000 crore by way of rights issue to eligible shareholders, the non-banking finance company said in a regulatory filing. "Accordingly, to avail benefits of the same, the Board of Directors of Mahindra & Mahindra Financial Services (MMFSL) at its meeting held today have passed a fresh resolution to approve fund raise of up to Rs 3,000 crore by way of rights issue under the simplified rights issue process," the company said. Shares of the company on Friday ended 0.34 per cent up at Rs 262.45 apiece on BSE.
Mahindra & Mahindra achieved a 77% share price surge, leading the NIFTY50 with the highest CAGR since 2002. The company also prioritised sustainability and launched two premium electric SUVs in 2024
M&M Finance's net interest income (NII) margin for Q2FY25 remained flat at 6.5 per cent, while gross non-performing assets rose to 3.83 per cent, from 3.56 per cent earlier
The NII margin of the company remained flat at 6.5 per cent. The cost of funds rose marginally to 6.5 per cent in Q2 FY25 from 6.4 per cent last year
M&M Finance share price: Shares of M&M Finance slipped after the company said it expects a 1% decline in overall disbursement in the September 2024 quarter
Long build up is seen in the M&M Finance futures during the September series till now where we have seen 7 per cent rise in 'Open' interest with price rising by 5 per cent
IEX witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
The company's standalone revenue rose 11.2 per cent year-on-year (Y-o-Y) to Rs 27,132.8 crore in Q1FY25, as opposed to Rs 24,402.9 crore in Q1FY24.
Expenses grew by nearly 36 per cent on the year to Rs 2,874.56 crore in the quarter under review, up from Rs 2,112.94 crore in the January-March quarter of FY23
Stock market LIVE updates on December 15, 2023: In the broader markets, the BSE MidCap and SmallCap indices were ruling 0.44 per cent and 0.65 per cent higher, respectively
The primary trend of the stock is bullish as it trades above its 50, 100 and 200 day-EMA
On September 22, the regulator barred Mahindra Finance from carrying out any recovery or repossession activity through outsourced agents
The derivative analyst from HDFC Securities recommends to Buy M&M Finance 220 Call and simultaneously Sell 230 Call of the 29-December expiry.