India's M&M Finance gains most in 10 weeks after quarterly disbursement rises

By Reuters News

** Non-bank lender Mahindra & Mahindra Financial Services MMFS.NS shares rise as much as 6.53%, their biggest intraday rise in 10 weeks, to 340.3 rupees apiece; MMFS last up 2.6%

** Uptick after overall disbursement jumps 22% year-on-year in the September quarter to 164.9 billion rupees, as per MMFS' business update

** Collection efficiency at 97% in Q2FY2027 vs 96% in Q2FY 2026

** Morgan Stanley says Q2 update indicates good asset quality performance, uptick in loan growth for MMFS

** Morgan Stanley and Jefferies reiterate conservative stance on FY2027 earnings outlook, due to deficient monsoon and geopolitical uncertainty

** MMFS down 18.8% in 2026 so far, exchange data shows

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