On December 5, Mahindra & Mahindra Financial Services witnessed a decline of over two percent, touching the day’s low at Rs 272.1 on the BSE. This drop occurred a day after the non-banking financial company (NBFC) released its monthly business update post-market hours on Monday. The company’s monthly business update reported an estimated overall disbursement of approximately Rs 5,300 crore in November 2023, reflecting a substantial 16% growth over the previous year. The year-to-date (YTD) disbursements until November 2023, totaling around Rs 36,000 crore, also showcased a noteworthy 16% year-on-year growth, as highlighted in the company’s regulatory filing.
Despite the initial dip, the shares rebounded and were trading 1.71% higher at ₹1,685.20.
