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Centrum Broking has issued a ‘reduce’ rating for Mahindra & Mahindra Financial Services Ltd. with a target price of Rs 263. The company reported a consolidated total income of Rs 4799.45 crore for Q3 2024, an increase from previous figures. The brokerage expects favorable AUM/PPOP/PAT growth over FY24-FY27E and improved RoA/RoE by FY27E.
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