BSE 500: These NBFC stocks were among the top gainers in todays session
Know which stocks rallied on the bourses
At the closing bell on November 03, the Sensex closed flat at 60,885.03 down by 21.06 points.
M&M Financial Services and MAS Financial Services witnessed action in today’s session.
The shares of Mahindra & Mahindra Financial Services Ltd zoomed 13.38 per cent in today’s session and closed at Rs 219.50. The lender posted Profit after Tax (PAT) of Rs 448.33 crore as against a Rs 1022.90 crore, down by 56.17 on a YoY basis but up by 101 per cent on sequential basis. A part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has large number of customers. The company is a leading vehicle and tractor financier.
MAS Financial Services Ltd witnessed a gain of 12.79 per cent in today’s session and closed at Rs 901.05. At today’s high, the stock logged a fresh 52 week high at Rs 924.55.This NBFC which focuses on the lower and middle income group of the society posted Profit after Tax (PAT) of Rs 49.07 crore as against Rs 38.32 crore on a YoY basis. It also reported net income of Rs 229.95 crore for the Q2 FY 2023 compared to Rs156.49 crore, showing growth of 46.94% on a YoY.