M&M Financial stock tumbles over 5% on BofA securities downgrade

The US brokerage cited the stock's premium valuations and said expectations of high NIMs and opex could disappoint in the near-term. The stock trades at 2.2 times its forward price-to-book value - above its long-term average.

from Stocks-Markets-Economic Times https://ift.tt/xGqfrCH
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