Jefferies has hiked target price for M&M Financial after Q2 result. (Photo: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Jefferies has hiked the price target for M&M Financial Services Ltd., after the non-banking financial company (NBFC) reported its September quarter earnings for the financial year ending March 2026.

The brokerage firm has maintained its 'hold' rating on the counter, but has increased its 12-month price target for the counter, citing the profit beat and relatively decent asset quality metrics. The target price for M&M from Jefferies has been hiked to Rs 310 from Rs 298 earlier.

M&M Finance reported a 45% year-on-year increase in consolidated net profit for its second quarter, beating analyst estimates largely on the back of higher fees and

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