 "stock market, fall, divestment, company, firm")
Shares of Mahindra & Mahindra (M&M) Financial Services tanked 15 per cent to trade at Rs 289 per share, also its 52-week low on the BSE on Wednesday, after it reported a sharp 75 per cent year on year (YoY) decline in its standalone net profit at Rs 68 crore in the April-June quarter (Q1FY20), due to higher provisioning for stressed assets. The company had profit of Rs 269 crore in the year-ago quarter. The stock of non-banking finance company was trading at its lowest level since March 15, 2017.
Net interest income (NII) during the quarter grew 17 per
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