Morgan Stanley, a global brokerage firm, has given an “overweight” rating to M&M Financial Services, setting a target price of Rs 310 per share, indicating a potential upside of 28 percent from the current levels. This optimistic assessment follows a notable 13 percent year-on-year growth in the company’s disbursements during February. According to analysts at Morgan Stanley, the company witnessed a MoM increase of over 6.5 percent and a YoY increase of 13 percent in disbursements, while its gross assets experienced a MoM rise of 1.8 percent and a YoY rise of 24 percent in February 2024.The management of M&M Financial Services believes that the strong disbursement trends seen throughout the year have resulted in the company’s business assets surpassing the Rs 1 lakh crore mark, showing a growth of around 21 percent since March 2023 and a 24 percent increase compared to February 2023. Additionally, the company maintains a healthy liquidity position on its balance sheet, with a liquidity reserve of Rs 7,600 crore.