Mas Financial Q2 FY23: Stellar run; is the rerating over?

While tactically it makes sense to book gains in Mas Financial after such a sharp run-up, investors should look to add the stock on declines for the long term

Madhuchanda Dey
November 04, 2022 / 09:23 AM IST
Mas Financial Q2 FY23: Stellar run; is the rerating over?

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PRO Only Highlights
-  Quarterly performance largely backed by improved realisations
-  Medium-term triggers China plus and protectionist measures for tyre industry
-  Valuations not inexpensive; but improved medium-term outlook

Highlights Strong overall show in Q2 AUM growth accelerates to 30 percent Disbursement growth maintains momentum Maintains margin, expects stable margin despite rising rates Asset quality solid, not a cause for worry Valuation attractive for long-term investors Mas Financial (CMP: Rs 904; Market Cap: Rs 4,942 crore) has been one of our high-conviction picks, and the market has finally recognised the merit of this business. The stock has risen 60 percent in the past three months against the 4 percent rally in the Nifty. After a sharp...