Buy MAS Financial Ltd For Target Rs. 325 by Motilal Oswal Financial Services Ltd
* Standalone AUM is likely to grow ~5% QoQ/~21% YoY.
* Margin is expected to contract ~5bp QoQ to ~7.2%.
* We expect credit costs to decline ~10bp to ~1.1%.
* Commentary on branch expansions and increase in the direct business will be the key monitorables.
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