M&M Financial’s stock price declined by 5.29%, trading at ₹305.20 as of 9:22 AM, down ₹17.05 from its previous close of ₹322.25. The stock opened at ₹316.00, touched a high of ₹316.75, and a low of ₹302.05.
Morgan Stanley recently reiterated its Equal-Weight call on M&M Financial, with a target price of ₹320. The firm pointed out that while higher growth is expected in H2FY25, there are risks if disbursements don’t pick up. Disbursements have already fallen by 1% year-on-year, and the Gross NPA ratio increased to 3.8% from 3.56%, adding pressure to the stock. As a result, Morgan Stanley expects near-term weakness in the stock.
Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.
