Mahindra & Mahindra Ltd (M&M)

Mixed Day for Mahindra & Mahindra Ltd Stock - 21 Sep, 2023

While Kunal Kamble recommended buying M&M Finance stock due to bullish strength, the overall day saw heavy short position additions in M&M, Apollo Tyres, ICICI Bank, Hero Motocorp, Bajaj Finserv, and M&M Financial.

IIFL Securities Assigns 'Sell' Rating to M&M Financial Services - 20 Sep, 2023

IIFL Securities has assigned a 'sell' rating to M&M Financial Services, expressing concern over its strategy of diversifying into lower asset quality segments. The target price is set at ₹260 per share.

Mahindra & Mahindra's Financial Services Arm Expects Strong Growth - 16 Sep, 2023

Mahindra & Mahindra Ltd's financial services arm, MMFS, expects a CAGR of 19%/20% in AUM/PAT over FY23-FY25E with RoA/RoE of 2.3%/15.4% in FY25E due to its strong liability franchise and deep moats in rural/semi-urban customer segments.

M&M Finance Shows Bullish Sentiment, Bull Spread Strategy Recommended - 08 Sep, 2023

Short covering seen in M&M Finance Futures with bullish hammer candlestick pattern formation and upward sloping RSI oscillators. Analysts suggest a Bull Spread strategy on the stock.

M&M Finance Reports Increase in Disbursements and Business Assets - 05 Sep, 2023

Mahindra & Mahindra Ltd's financial services arm, M&M Finance, reported a 15% YoY increase in disbursements for August and a 9.4% growth in total business assets since March 2023.

Mahindra & Mahindra Reports 15% YoY Growth in August Disbursements - 04 Sep, 2023

Mahindra & Mahindra Ltd reported a 15% YoY growth of Rs 4,400 crore in its overall disbursements for August.

CLSA Maintains 'Buy' Rating on M&M Finance - 28 Aug, 2023

CLSA has maintained a 'buy' rating on Mahindra & Mahindra Financial Services with a target of Rs 360 per share, citing the company's efforts to tighten its practices and align its culture to asset quality targets.

Thematic NFOs Could Boost Interest in Auto Stocks Like M&M - 03 Aug, 2023

Nuvama Alternative & Quantitative Research notes that two ongoing thematic NFOs by HDFC Mutual Fund and Quant Mutual Fund may increase buying interest in auto stocks like Mahindra & Mahindra Ltd. Meanwhile, Morgan Stanley maintains an equal-weight rating on M&M Finance.

Citi Maintains 'Buy' Rating on M&M Finance - 31 Jul, 2023

Citi has maintained a 'buy' rating on Mahindra & Mahindra Financial Services Ltd with a target of Rs 355 per share. The company's Q1 earnings missed estimates due to plunging net income margin and rising credit cost, but its business assets grew by 28% YoY.

M&M Financial Reports 58% YoY Growth in Q1 Net Profit - 28 Jul, 2023

Mahindra & Mahindra Financial Services reported a net profit of Rs 353 crore for Q1FY24, up 58% YoY, driven by higher loan disbursements and interest income. Total income for the quarter was at Rs 3,125 crore, up 25% YoY, aided by growth in asset book. The company's capital adequacy is at 21.2%, and it carried a total liquidity buffer of approximately Rs 9,350 crore as of June end.

Jefferies Maintains 'Hold' Rating on M&M Finance - 04 Jul, 2023

Jefferies has maintained a 'hold' rating on Mahindra & Mahindra Ltd's finance arm, with a target of Rs 270 per share. The company's loans and disbursements grew by 28% YoY in Q1 FY24.

M&M Finance up over 3% on sustained midcap buying - 19 Jun, 2023

Mahindra & Mahindra Ltd's finance arm, M&M Finance, saw a rise of over 3% on Monday due to sustained buying momentum in midcap stocks.