BUZZ - India's M&M Finance sees biggest 10-week surge in stock price due to growth in quarterly lending
路透社2026/10/05 06:16On October 5, shares of non-bank lender Mahindra & Mahindra Financial Services (MMFS.NS) jumped as much as 6.53%, marking the largest intraday gain in 10 weeks, reaching 340.3 rupees per share; MMFS most recently rose 2.6%. According to MMFS’s business update, total lending in the September quarter rose 22% year-on-year to 164.9 billion rupees, boosting the stock price. Collection efficiency for Q2 of FY2027 reached 97%, compared to 96% in Q2 of FY2026. Morgan Stanley stated that MMFS’s Q2 update indicates good asset quality and a recovery in loan growth. However, Morgan Stanley and Jefferies reiterated a cautious outlook on FY2027 earnings due to insufficient monsoon and geopolitical uncertainties. Exchange data show that MMFS shares have fallen 18.8% so far this year. (For the convenience of non-English speakers, Reuters has generated automated translations of this report in several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation and provides it solely for the reader’s convenience. Reuters assumes no liability for any damage or loss caused by the use of automated translation functions.)
October 5 - ** Shares of non-bank lender Mahindra & Mahindra Financial Services (MMFS.NS) rose as much as 6.53%, marking the biggest intraday jump in 10 weeks, reaching 340.3 rupees per share; the latest increase for MMFS is 2.6%
** According to MMFS's business update, total disbursals for the September quarter grew by 22% year-on-year to 164.9 billion rupees, driving the share price higher
** Collection efficiency in the second quarter of fiscal year 2027 reached 97%, compared to 96% in the second quarter of fiscal year 2026
** Morgan Stanley said that the second-quarter performance update shows robust asset quality at MMFS and a recovery in loan growth
** Morgan Stanley and Jefferies reiterated their cautious stance on fiscal year 2027 earnings outlook due to weak monsoons and geopolitical uncertainties
** Exchange data shows that MMFS shares have declined 18.8% so far this year
(To assist non-native English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may contain errors or lack needed context, Reuters does not guarantee the accuracy of the automated translated texts and provides them merely for convenience. Reuters accepts no responsibility for any damage or losses caused by the use of this automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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