M&M Financial stock surges 11% on better results

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Shares in Mahindra & Mahindra Financial Services soared 11 per cent after the company reported better then expected results. M&M Financial's Q4 consolidated net profit jumped to Rs 346.4 crore Vs Rs 242.4 crore (YoY). The stock was last trading at Rs 227 on the Bombay Stock Exchange (BSE).

Banking and financials have reported better then expected results with Axis Bank, IndusInd Bank and HDFC Bank reporting better then expected numbers.

PSU banks and other financial sector firms are expected to report revenues later through the month and early next month.


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