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.

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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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