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Mahindra And Mahindra Financial Services (Citi) 1Q12 Results: Healthy Growth, But Seasonal Slippages |
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1Q12 profits up 32% yoy; largely in line with our estimates;P&L: Seasonality in NIMs and credit costs;Balance sheet: Healthy asset growth, quality stable;Stable fundamentals, but challenging macro to weigh on valuations | Date | Rating | Target Price | Recommendation Price | Broker house | | 1 Aug 2011 | sell | 650 (from 760) | 673 | Citi Report | |
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Mahindra And Mahindra Financial Services (Emkay) Results inline at P&L front; Slippage rise |
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NII growth inline with expectations;Lower yields on advances impacted margins | Date | Rating | Target Price | Recommendation Price | Broker house | | 29 Jul 2011 | buy | 800 | 638 | Emkay Report | |
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m m financial services (Emkay) PSL status removed - minimal impact in near future |
RBI removed PSL status from onlending; Minimal impact as of now - 17-18bps on cost of borrowings; Competition may increase but not imminently; No threat to availability of funding; Impact could be higher if assignments also taken off
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 4 May 2011 |
buy |
870 |
693 |
Emkay Report |
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Reports.DesiStockResearch.com |
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M and M financial services (Emkay) Lower assignment yields put pressure on NIMs |
NII growth and NIMs lower than expectation; .driven by lower margins on assignments
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 26 Apr 2011 |
buy |
870 |
781 |
Emkay Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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mahindra and mahindra financial services (Citi) 4Q11 Results: Strong Quarter, Business Momentum Continues |
Healthy earnings with 4Q11 profits up 15%YoY; P&L: NIMs improvement a key positive; Balance sheet: Getting diversified and de-risked; Good quarter but priced in
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 26 Apr 2011 |
sell |
760 |
776 |
Citi Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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mahindra and mahindra financial services (Citi) Mahindra And Mahindra Financial Services |
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Initiate coverage with Sell / Medium Risk (3M) rating and Rs760 target price; Mahindra Finance: differentiated model, longer-term opportunities; Robust Growth
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 18 Apr 2011 |
sell (initiate) |
760 |
790 |
Citi Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search |
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m m financial services (Emkay) True rider of rural India |
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M M Financial Services (DSJ) |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 23 Sep 2010 |
Choice Script Buy |
|
628 |
DSJ |
Reports.DesiStockResearch.com |
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MAHINDRA MAHINDRA FINANCIAL SERVICES (Kotak) |
Name
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 3 Sep 2010 |
Accumulate |
610 |
594 |
Kotak Report |
links
Reports.DesiStockResearch.com |
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M M Financial services (KotakSecurities) |
