India's Mahindra Financial rises as CLSA sees faster loan growth, attractive valuations

By Reuters News

** Mahindra and Mahindra Financial Services MMFS.NS shares rise 1.7% to 351.45 rupees

** CLSA says while FY26 was a slow year for AUM growth it expects growth to pick up to mid-teens in FY27 and beyond

** Says stock has corrected over the past month due to rising crude prices, making valuations attractive

** "Valuations are below that of all its vehicle finance peers," - Brokerage

** MMFS trades at forward 12 month PE of 12.31 vs industry median of 10.09 - data compiled by LSEG

** Brokerage reiterates "Outperform" rating on stock, with PT of 425 rupees

** 24 of 33 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell"; their median PT is 399 rupees

** YTD, stock down 13.6%

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