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BOM:532720

11 stories mentioning BOM:532720Updated 61d ago

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Asia

Jefferies Adjusts Mahindra & Mahindra Financial Services' Price Target to INR365 From INR325, Keeps at Hold

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has an average rating of overweight and mean price target of 366.50 Indian rupees, according to analysts polled by FactSet.

BOM:532720NSE:M&MFIN
Asia

Nomura Adjusts Mahindra & Mahindra Financial Services' Price Target to INR415 From INR400, Keeps at Buy

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has an average rating of overweight and mean price target of 366.50 Indian rupees, according to analysts polled by FactSet.

BOM:532720NSE:M&MFIN
Research

DAM Capital Downgrades Mahindra & Mahindra Financial Services to Neutral from Buy; Price Target is INR340

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has an average rating of overweight and mean price target of 349.92 Indian rupees, according to analysts polled by FactSet.

BOM:532720NSE:M&MFIN
Asia

Mahindra & Mahindra Financial Services Raises INR9.35 Billion via Debt Issue

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has raised 9.35 billion Indian rupees by issuing 93,500 non-convertible debentures on a private placement basis.The company issued secured, rated and listed redeemable NCDs carrying a fixed coupon rate of 7.90% per annum, according to a Thursday stock exchange filing. It includes a base issue of 5 billion rupees and a greenshoe option of 4.35 billion rupees.The debentures are proposed to be listed on the wholesale debt market segment of BSE.

BOM:532720NSE:M&MFIN
Asia

Brickwork Ratings Keeps AAA Rating on Mahindra & Mahindra Financial Services' Bonds; Outlook Stable

Brickwork Ratings India affirmed its AAA long-term rating on Mahindra & Mahindra Financial Services' (NSE:M&MFIN, BOM:532720) non-convertible debentures worth around 21.26 billion Indian rupees.The rating outlook is stable, according to a Thursday filing.

BOM:532720NSE:M&MFIN
Asia

Mahindra & Mahindra Financial Raises INR5 Billion Through Debenture Allotment

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has raised 5 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Tuesday filing to the Indian stock exchanges.The company allotted 50,000 listed, secured, rated, redeemable non-convertible debentures of the face value of 100,000 rupees per debenture.The said debentures have been issued at a fixed coupon of 7.71% per annum and are proposed to be listed on the wholesale debt market segment of the BSE.The company's shares were down nearly 2% in recent trade.

BOM:532720NSE:M&MFIN
Research

Investec Upgrades Mahindra & Mahindra Financial Services to Hold from Sell; Price Target is INR330

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has an average rating of overweight and mean price target of 357.73 Indian rupees, according to analysts polled by FactSet.

BOM:532720NSE:M&MFIN
Asia

Mahindra & Mahindra Financial Services Chief Business Officer - Wheels Resigns

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) said chief business officer - wheels has resigned to pursue other interests, according to a Friday filing on Indian bourses.Shares of the company jumped 8% in Monday's trade.He will continue to be associated with the company in a consulting role for the wheels business, the filing said.

BOM:532720NSE:M&MFIN
Research

JM Financial Upgrades Mahindra & Mahindra Financial Services to Buy from Add; Price Target is INR350

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has an average rating of overweight and mean price target of 357.73 Indian rupees, according to analysts polled by FactSet.

BOM:532720NSE:M&MFIN
Asia

Mahindra & Mahindra Financial's Fiscal Q4 Consolidated Profit More Than Doubles

Mahindra & Mahindra Financial Services' (NSE:M&MFIN, BOM:532720) attributable consolidated net profit more than doubled to 9.38 billion Indian rupees in the fiscal fourth quarter from 4.57 billion rupees a year ago, according to a Friday filing with the Indian stock exchanges.Shares of the company jumped over 8% in Monday's trade.Earnings per share during the quarter ended March 31 climbed to 6.75 rupees from 3.59 rupees a year earlier.Total revenue from operations in fiscal Q4 increased to 47.7 billion rupees from 43.2 billion rupees, the filing said.The board recommended a final dividend of 7.50 rupees per share.

BOM:532720NSE:M&MFIN
Asia

Crisil, India Ratings Assigns A1+ Rating to Mahindra & Mahindra Financial's Commercial Papers

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) said CRISIL Ratings has assigned A1+ rating to the company's commercial paper worth 170 billion Indian rupees, according to an Indian bourse filing on Friday.Separately, India Ratings & Research also assigned A1+ rating to Mahindra & Mahindra Financial's commercial paper worth 200 billion Indian rupees, the filing said.

BOM:532720NSE:M&MFIN

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