The life insurance venture could naturally extend into the general insurance space, which the company plans to evaluate once composite licensing is introduced, CEO Shah has said.
Emkay Global Financial recommended reduce rating on Mahindra Finance with a target price of Rs 280 in its research report dated October 29, 2025.
Emkay Global Financial recommended reduce rating on Mahindra Finance with a target price of Rs 260 in its research report dated July 23, 2025.
Emkay Global Financial recommended reduce rating on Mahindra Finance with a target price of Rs 280 in its research report dated April 23, 2025.
Emkay Global Financial is bullish on Mahindra Finance has recommended buy rating on the stock with a target price of Rs 360 in its research report dated January 29, 2025.
The new leadership at the parent company is clear that the mortgage business has to move out of the affordable homes segment in order to pare its bad loans book.
Delinquencies, which were a significant concern, have been brought down to under 4 percent, Shah has told Moneycontrol
Emkay Global Financial is bullish on Mahindra Finance has recommended buy rating on the stock with a target price of Rs 360 in its research report dated October 23, 2024.
Emkay Global Financial is bullish on Mahindra Finance has recommended buy rating on the stock with a target price of Rs 360 in its research report dated October 18, 2024.
Emkay Global Financial recommended reduce rating on Mahindra Finance with a target price of Rs 270 in its research report dated October 03, 2024.
It has also appointed Bijoy Thaplial as the chief business officer, according to an official statement.
Emkay Global Financial recommended reduce rating on Mahindra Finance with a target price of Rs 270 in its research report dated July 24, 2024.
The firm's revenue from operations jumped 19 percent to Rs 3,612.18 crore against Rs 3,034.89 crore. In the March quarter, the revenue stood at Rs 3,547.11 crore.
Emkay Global Financial recommended reduce rating on Mahindra Finance with a target price of Rs 260 in its research report dated May 07, 2024.
The non-banking finance company also said that in a fact-finding assessment of the fraud in its Aizawl branch during the quarter identified 2,887 loan accounts as potentially fraudulent in nature.
Emkay Global Financial recommended reduce rating on Mahindra Finance with a target price of Rs 260 in its research report dated April 24, 2024.
Emkay Global Financial recommended reduce rating on Mahindra Finance with a target price of Rs 280 in its research report dated January 31, 2024.
What stood out as a sore thumb was the 18 percent contraction in tractor loans and 47 percent fall in loans to small businesses. While the fall in small business loans is perhaps partly by design, a sharp contraction in tractor loans does not augur well for the company
The disbursements in the second quarter of the current fiscal came in at Rs 13,300 crore, translating to a 12.6 percent YoY growth.
The company, pursuant to receipt of approval from the Insurance Regulatory and Development Authority of India (Irdai), completed the acquisition of 20,61,856 equity shares of Rs 10 each of MIBL at a price of Rs 1,001 per share, Mahindra Finance said in a regulatory filing.
The non-banking finance company has recorded a 15 percent year-on-year growth in disbursements at Rs 4,400 crore for August. On a monthly basis, disbursements were flat.
Emkay Global Financial recommended hold rating on Mahindra Finance with a target price of Rs 270 in its research report dated April 29, 2023.
The company proposed a dividend of Rs 6 per share or 300 per cent for the year.
Recently, brokerage firm Sharekhan has given a buy rating on the NBFC with a target price of Rs 290. The stock currently trades at Rs 238; the brokerage firm thus indicates a potential upside of 25 percent.
Used-car sales are likely to almost double to 8 million units by 2027 as people move away from public transport and shared rides for better protection against the virus and online platforms bring transparency and trust to the largely unorganised market