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Standout Brokerage Report: Macquarie raises price targets on these NBFCs

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According to Macquarie, the auto industry should see a margin expansion and hence the brokerage firm has raised the target price on Mahindra and Mahindra Financial Services, Shriram Transport Finance and Cholamandalam Investment and Finance.

Macquarie has come out with a report on non-banking financial companies (NBFCs). The brokerage house believes that the collection data should hold up well in Q3 for most of the NBFCs while the growth outlook is a bit weak.
According to Macquarie, the auto industry should see a margin expansion and hence the brokerage firm has raised the target price on Mahindra and Mahindra Financial Services, Shriram Transport Finance and Cholamandalam Investment and Finance.
CNBC-TV18’s Nimesh Shah has more details.
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