M&M Finance shares fall amid market-wide weakness; see latest stock news here

M&M Finance share price today NSE, M&M Finance monthly update: Mahindra and Mahindra Financial Services Limited (M&MFIN) shares slipped nearly two per cent on Tuesday, June 4 amid broad-based weakness on D-Street ahead of Lok Sabha poll results, a day after the non-banking financial company (NBFC) reported 7 per cent year-on-year growth in overall disbursements, which amounted to Rs 4,430 crore.

The NBFC stock declined as much as 6.2 per cent to the day's low of Rs 256.35 on NSE, halting 2-day gains. The counter closed at Rs 259.3, down 5.12 per cent on NSE. 

Here are the key updates from NBFC's updates for May 2024

• The YTD May 2024 disbursement at about Rs. 8,360 crores registered a growth of 6 per cent Y-o-Y.
• Business Assets at approximately Rs 1,05,250 crores, grew by 3 per cent over March 2024 and 23 per cent over May 2023.
• The Collection Efficiency (CE) was at 96 per cent for May 2024 (against 96 per cent for May 2023).
• Stage-3 and Stage-2 assets have remained below 10 per cent put together.
• The Company continued to enjoy a comfortable liquidity position on its Balance Sheet, with a liquidity chest of over Rs. 7,510 crores.

M&M Finance share price history 

M&M Finance's stock has given a negative return of nearly 14 per cent in the last 12 months (from June 5, 2023). In comparison, the headline index Nifty 50 has rallied nearly 18 per cent.

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