Synopsis
The stock’s resilient performance can be attributed to the company’s sustained business momentum, stable asset quality and comfortable capital adequacy. The company is currently in the process of digitising business activities, which is expected to improve customer acquisition and servicing. This together with healthy asset quality and loan growth is likely to support the stock in the medium term.
ET Intelligence Group: The stock of Ahmedabad-based MAS Financial Services, a lender to micro, small and medium enterprises (MSME), has gained 13% from the December lows amid a volatile broader market. The S&P BSE Financial Services index and the benchmark Sensex have remained flat during the period.The stock’s resilient performance can be attributed to the company’s sustained business momentum, stable asset quality and comfortable capital
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