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M&M Financial shares fall 9% after Q2 results

Shares fell as much as 9% on Thursday, October 22, making the stock the top loser on the Nifty 500. The body says CLSA rates the shares outperform, while Citi, Nomura and HSBC rate them buy.

Shares of M&M Financial Services Ltd. dropped as much as 9% on Thursday, October 22, despite positive views from global investment banks following the company’s second-quarter results. The stock was the biggest decliner on the Nifty 500 index. CLSA rates the shares “outperform,” while Citi, Nomura and HSBC rate them “buy.”