M&M Fin: Maintain ‘add’ with revised TP of Rs 183

M&M Fin: Maintain ‘add’ with revised TP of Rs 183

Relatively inexpensive valuations and MMFS’ parentage-enabled access to funds underpin our ‘add’ rating (revised TP of Rs 183) (implied valuation at 1.3x Mar’23 ABVPS).
Check the source here –Source, Financial Express.

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