265.8500 -2.30 (-0.86%)
NSE Jul 15, 2025 15:58 PM
Volume: 1.4M
 

Prabhudas Lilladhar
Reported provisions continue to lag our conservative forecasts prompting us to tweak FY21 earnings estimates higher by 58%. Subsequently, our FY22-23 estimates stand slightly higher by 5-10%. While Q2FY21 NPA at 7.5% stood optically better, higher write-offs and couple of granular asset details continue to throw negative surprises, viz, (a)8% (Rs50bn) critical assets (b)17% of overall customer base not paying even a single installment, o/w 6% could be restructured (c)Rs60bn book potential restructured book; Rs40bn...
Mahindra & Mahindra Financial Services Ltd. is trading below its 30 day SMA of 268.9
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