M&M Financial Services rallies 3% after RBI lifts sanctions on third-party loan recovery

The stock made a strong start to the trade at ₹236.95 apiece, compared to the previous closing price of ₹234.10, and it then rose further to hit an intra-day high of ₹241.15. At the current market price of ₹240.20, the stock is trading just 2.69 percent away from its 52-week high of ₹247.

M&M Financial Services stock jumped 10% even after Q2 net profit halves

The company reported a 55.39% drop in its consolidated net profit to ₹492 crore in Q2FY23 as against ₹1,103.8 crore in the same quarter of the previous fiscal. YTD, the stock has risen from around Rs. 148.95 to the current trading price of Rs. 213.05, representing a 42.49% increase.

M&M Financial Services surges 10% after Q2 profit beats estimates

Profit fell to 4.48 billion Indian rupees ($54.08 million) in the three months ended Sept. 30, from 10.23 billion rupees a year ago when the lender recorded a reversal of impairment provisions.

Shares of M&M Financial Services fell over 12% after RBI order; Check details

During Friday's trade, the share price of M&M Financial Services opened on a negative note at Rs. 210.70 against the previous close of Rs. 223.70 on the NSE.

During Friday's trade, the share price of M&amp;M Financial Services opened on a negative note at Rs. 210.70 against the previous close of Rs. 223.70 on the NSE.

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M&M Financial Services rallies 3% after RBI lifts sanctions on third-party loan recovery

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