Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

CLSA on M&M Fin (Management meet takeaways)
Buy, TP Raised to Rs 260 (on roll fwd)
Collections healthy; Management expects 2-2.2% credit costs in FY23
Cost of funds impact to be more gradual; expect elevated expense ratio
Near-term RoE target is 12%, while medium-term is 15%

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Disclaimer: This is a Fan Site in Rakesh Jhunjhunwala's name. Rakesh Jhunjhunwala is not associated with us and is in no way aware, accountable or responsible for what is stated here. Further, nothing here constiutes investment advice for you to act on. Also, we have a vested interest, and are extremely biased, in everything that we say. So Mind It!