What makes this MSME lender hot favourite among investors
While on the one hand the strategy has taken a toll on the lender’s financial performance, on the other it has helped in boosting the tier-1 capital adequacy ratio (CAR) to a strong 32.7%.
Synopsis
The scrip of the mid-sized lender to micro, small and medium enterprises has gained 53% over the last three months compared with 27% gain in the S&P BSE finance index.
ET Intelligence Group: Shares of MAS Financial Services have gained 18.7% in the three trading sessions since the firm announced its second-quarter results on November 11, as investors cheered its collection efficiency, higher liquidity and comfortable asset quality.The scrip of the mid-sized lender to micro, small and medium enterprises has gained 53% over the last three months compared with 27% gain in the S&P BSE finance index.As a