Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

Mahindra & Mahindra Fin Services Ltd. / Equity Bottom-Up

Mahindra & Mahindra Fin Services Ltd. (MMFS IN)

<div><div><div><div><ul><li>Disbursements up 54% YoY; Advance growth flat: Disbursements at Rs92bn were up 54% YoY and 15% QoQ despite being affected by low inventory levels.</li></ul><div><div><div><ul><li>Stage 3 improvement impressive: GS3 at 7.7% (down 1.3p.p. YoY and 3.6p.p.QoQ) was led by higher collections and write-offs (Rs12bn).</li></ul><div><div><div><ul><li>Business update for April 2022: MMFS registered disbursements of Rs27.5bn in April’22, up 109% YoY but down 28% MoM.</li></ul></div></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Disbursements up 54% YoY; Advance growth flat: Disbursements at Rs92bn were up 54% YoY and 15% QoQ despite being affected by low inventory levels.Stage 3 improvement impressive: GS3 at 7.7% (down 1.3p.p. YoY and 3.6p.p.QoQ) was led by higher collections and write-offs (Rs12bn).Business update for April 2022: MMFS registered disbursements of Rs27.5bn in April’22, up 109% YoY but down 28% MoM.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mahindra Finance - Treading Towards Normalcy