22 Oct 2026, 06:30 IST
Mahindra & Mahindra Financial Services Limited
HDFC Securities · ADD · target INR 400
The report says MMFS delivered steady profitability and asset quality with 15% YoY loan growth, but flagged NIM pressure, rate hikes, and potential insurance distribution regulation as headwinds, maintaining an ADD rating with an unchanged SOTP-based target of INR 400.
From HSIE Results Daily 22 Oct 26 HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.
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