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Add M&M Finance, target price Rs 220: ICICI Securities

Sumary of Add M&M Finance, target price Rs 220: ICICI Securities:

  • Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 25476.63 Crore) operating in NBFC sector…
  • Financials For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2992.94 Crore, down -2.53 % from last quarter Total Income of Rs 3070.50 Crore and down -2.87 % from last year same quarter Total Income of Rs 3081.30 Crore…
  • Investment RationaleValuations at 1.7x FY23E ABV look reasonable considering asset quality concerns seem overdone and metrics are looking up hereon……

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