Mahindra & Mahindra Financial Services Ltd

(M&MFIN)

Mahindra Financial Services Receives Credit Rating Affirmation - 10 Oct, 2024

Mahindra & Mahindra Financial Services has received reaffirmation of credit ratings for various non-convertible debentures, all rated CARE AAA with a Stable outlook.

Mahindra Financial Services Allots NCDs Worth Rs 750 Cr - 08 Oct, 2024

Mahindra & Mahindra Financial Services has allotted 75,000 unsecured, subordinated, rated, listed, redeemable non-convertible debentures aggregating Rs 750.30 crore at a fixed coupon of 8.24% p.a., intended for listing on BSE's Wholesale Debt Market Segment.

M&M Finance Shares Plunge Amid Disbursement Decline - 04 Oct, 2024

Mahindra & Mahindra Financial Services reported a 1% YoY decline in Q2 disbursements, leading to a 7% drop in share price. Concerns over rising stage-2 assets and mixed asset quality figures contributed to investor apprehension. Despite a strong liquidity position, the outlook remains cautious.

Mahindra Financial Services Expands into Mortgages Amid Stock Decline - 03 Oct, 2024

Mahindra & Mahindra Financial Services approved expansion into the mortgage business, investing Rs 20-30 crore. Shares fell 2.38% despite a 7.06% rise over the past year.

Citi Maintains Neutral Rating on M&M Finance - 26 Sep, 2024

Citi has a neutral rating on Mahindra & Mahindra Finance with a target price of Rs 310, noting modest demand for vehicles and competitive financing conditions. They expect improved sourcing quality and collection intensity to reduce stress in the portfolio.

Axis Capital Recommends Buy on Mahindra Financial Services - 24 Sep, 2024

Axis Capital has recommended a 'Buy' rating for Mahindra & Mahindra Financial Services with a target price of Rs 380. As of June 30, 2024, promoters held 52.16% stake, while FIIs and DIIs owned 10.08% and 20.62%, respectively.

Mahindra Finance Board Approves NCD Issuance - 23 Sep, 2024

Mahindra & Mahindra Financial Services Ltd. gained over 3% after its board approved raising up to Rs 1,250 crore through non-convertible debentures, enhancing its financial position.

Large Trade in Mahindra Finance Shares - 20 Sep, 2024

On September 20, 2024, over 85 lakh shares of Mahindra and Mahindra Financial Services Ltd were traded in a large deal for Rs 270 crore, representing a 0.7% equity stake. The shares exchanged at Rs 317 each, while the stock was trading flat at Rs 323, down 0.25%.

M&M Financial Services Reaches New Highs - 18 Sep, 2024

M&M Financial Services has reached a fresh 52-week high, with experts recommending a buy for a target of Rs 390 over the next 2-4 months. The stock has shown resilience, maintaining support levels and gaining upward momentum.

Mahindra Finance Expands into Mortgage Business - 16 Sep, 2024

Mahindra & Mahindra Financial Services Ltd. is expanding into the mortgage business, offering various loan products. The company plans to invest Rs 20-30 crore over the next year. Despite this, shares are trading flat, having underperformed the Nifty index over the past year.

Mahindra Finance Expands into Mortgage Business - 13 Sep, 2024

Mahindra & Mahindra Financial Services has approved an expansion into the mortgage business, planning to invest Rs 20-30 crore over the next year. This move aims to leverage its retail lending presence and participate in affordable housing schemes.