Company showcased its technology capabilities, which would gradually help to deliver sustainable and predictable performance going ahead unlike in the past, where business clocked volatile performance. Company remains confident of the asset quality in the downturn cycle as well, led by calibrated efforts undertaken after COVID-19. The company is guiding for sustainably delivering RoE of ~15% in the near term while 18% RoE remains an aspirational target over the medium to long term.
OutlookStock trades at 1.8x/ 1.6x its FY2025E/FY2026E BV estimates, respectively. We maintain Buy with an unchanged PT of Rs. 345.
For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Mahindra & Mahindra Financial Services - 18062024 - khanDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
