M&M Financial Services shares crash 10% after Q2 results
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Mahindra & Mahindra Financial Services shares fell sharply on despite a 55% year-on-year rise in Q2FY27 net profit to Rs 882 crore. Nomura lowered its target price to Rs 400 while retaining a Buy rating, citing asset quality concerns and rising funding costs. Motilal Oswal…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop despite strong profit growth reflects concerns on asset quality and funding costs.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Q2FY27 net profit rose 55% year on year to Rs 882 crore.
- 02Nomura cut its target price to Rs 400 while keeping Buy.
- 03Nomura cites asset quality concerns and rising funding costs.
- 04Motilal Oswal maintained its Buy rating.