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M&M Finance – Does it offer value after the deep cut? -

We draw comfort from the undemanding valuation as we see MM Finance among the few long-term survivors amongst NBFCs

December 22, 2021 / 10:04 AM IST

MM Finance – Does it offer value after the deep cut?

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PRO Only Highlights -  Quarterly performance largely backed by improved realisations -  Medium-term triggers China plus and protectionist measures for tyre industry -  Valuations not inexpensive; but improved medium-term outlook

MM Finance (CMP: Rs 143.7, Market cap: Rs 17,754 crore) has been one of the worst performers in the ongoing market correction, with the  stock price down close to 25 percent in the past two months against an 8 percent decline in the Nifty. However, the significant underperformance has taken the stock close to its yearly low and rendered the valuation attractive, although  asset quality woes are not over yet. So, is it the right bet for an investor? Asset...

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