Mahindra & Mahindra Financial Services shares have surged significantly, outperforming the NBFC index due to strong Q2 performance. Robust auto financing, a GST rate cut, and improved net interest margins, driven by lower funding costs and higher fee income, are fueling this growth. Analysts anticipate continued momentum and an improved return on assets in the coming years.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires