Jefferies maintains a hold stance on Mahindra & Mahindra Financial Services for a target price of Rs 295. In its stock review, the US-based brokerage said that M&M Financial s loan growth momentum remains healthy while margins are likely to remain range-bound in FY24.
The Mahindra group's non-banking financial company's (NBFC) net profit tumbled 48 per cent year-on-year (YoY) basis to Rs 235 crore in the September 2023 quarter.
Morgan Stanley maintained an overweight rating on Maruti Suzuki with a target price of Rs 11,963. The brokerage firm expects a higher average selling price (ASP) owing to an increase in the SUV mix.