M&M Fin faced a challenging trading session, observing a dip of almost 5% and currently standing at 288.10 (-4.29%). The opening figures were at 300.70, with a previous close at 301.00, and a substantial trading volume of 6,465,315.00. Despite this setback, the company remains optimistic as its Q2 Dealer Advance promises a boost in Assets Under Management (AUM) growth. Notably, Stage-3 indicators remain stable while Stage-2 shows improvement.
What to expect from M&M Financial Services?
The company has strong expectations, projecting over 15% Year-on-Year (YoY) growth in Net Interest Income (NII) and more than 18% growth in Operating Profit. Moreover, the credit normalization process is anticipated to support the Return on Assets (RoA) and Return on Equity (RoE) profiles, maintaining them at 1.5% and 9% respectively. Despite the current market challenges, M&M Fin is poised for resilient growth, indicating a positive outlook amid fluctuations.
