Brokerage Eyes 58% Gain for MAS Financial Despite Recent Drop
TL;DR
- MAS Financial Services shares dropped over 28 percent across six months.
- The NBFC reported a 23 percent annual rise in second-quarter net profit.
- InCred Equities maintains an Add rating with a target price of 400 rupees.
Shares of MAS Financial Services Limited experienced a decline of roughly 28 percent over a six-month period, closing down 3.69 percent on Friday at 244.10 rupees on the BSE.
The downward stock movement occurred despite the Gujarat-based company posting a consolidated net profit of 115.12 crore rupees for the second quarter, representing a 23 percent increase compared to the same period in the previous year.
InCred Equities maintained an Add recommendation on the stock with a target price of 400 rupees, citing robust MSME demand, diversified distribution channels, and solid quarterly earnings as factors supporting potential upside.
At the same time, the brokerage noted that investors should monitor potential downside risks, such as slower growth, margin pressures, and changes in asset quality.
Why It Matters
This report highlights the financial performance and market outlook of an Indian non-banking financial company amid shifting market valuations, offering insight into sector trends for investors following financial equities.
Oct 31, 2026 · Updated 10/31/2026, 9:31:30 AM · Reported with: Mint Markets
Sources (1)
NRI Bytes writes its own articles from the reporting below.
Mint Markets — Shares down 28% in 6 months but InCred is bullish on this stock with 58% future returns - Do you own? Check target priceUp next · Business & Finance
Only six 1990 Sensex firms remain today, says ICICI CIO on asset‑allocation risks
Read next →
