M&M Financial gains 4%, hits 52-week high on healthy business in August

MMFSL said the business continued its momentum with disbursement of approximately Rs 3,740 crore, delivering a 75 per cent year on year (YoY) growth

Shares of Mahindra & Mahindra Financial Services (MMFSL) hit a 52-week high of Rs 216.75 on the BSE, gaining 4 per cent in Monday's intra-day trade, after the company recorded a strong growth in disbursement in August in the backdrop of  positive macro environment.

The stock of the Mahindra group company surpassed its previous high of Rs 212.70, touched on July 22, 2022. In comparison, the S&P BSE Sensex was up 0.58 per cent at 59,146 points at 10:38 am.

MMFSL said the business continued its momentum with disbursement of approximately Rs 3,740 crore, delivering a 75 per