BUZZ — India's Mahindra Financial rises as CLSA sees faster loan growth, attractive valuations
* Mahindra and Mahindra Financial Services shares rise 1.7% to 351.45 rupees * CLSA says while FY26 was a slow year for AUM growth it expects growth to pick up to mid-teens in FY27 and beyond * Says stock has corrected over the past month due to rising crude prices, making valuations attractive * "Valuations are below that of all its vehicle finance peers," - Brokerage * MMFS trades at forward 12 month PE of 12.31 vs industry median of 10.09 - data compiled * Brokerage reiterates "Outperform" rating on stock, with PT of 425 rupees * 24 of 33 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell"; their median PT is 399 rupees * YTD, stock down 13.6% (Reporting by Abhinav Parmar in Bengaluru) ((Abhinav.Parmar@thomsonreuters.com;)
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