Budget 2017: What may be in store for Mahindra & Mahindra Finance stock

A look at how the stock has moved in the past year and what it may get from Budget 2017

M&M Finance, Budget 2017
BS Research Bureau
Last Updated : Jan 29 2017 | 1:42 PM IST
The Budget usually has some goodies for the rural population through direct transfers or otherwise. Either way, it is good for companies such as Mahindra & Mahindra  Financial, which draws 
60 per cent of its revenue from rural India. Incentives for farmers and agriculturalists have also helped the company revive its rural business. 

Current Budget: Given the aftermath of demonetisation, there is a strong hope that this Budget would have measures which would leave more cash with those in rural and semi-rural areas. A measure of this nature is seen as crucial to help the company improve its loan book meaningfully and arrest the pressures on account of bad loans.

Note: Net sales and net profit are for trailing 12 months ended December 2016; Price, market cap and PE ratio are as on Jan 25, 2017; sales, profit and market cap figures are rounded off. Source Capitaline/Exchange

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First Published: Jan 27 2017 | 12:54 AM IST

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