Time period given by analyst is Intra Day when Mahindra & Mahindra Financial Services price can reach defined target.
Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 22882.01 Crore) operating in NBFC sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2566.84 Crore, down -15.52 % from last quarter Total Income of Rs 3038.37 Crore and down -16.35 % from last year same quarter Total Income of Rs 3068.68 Crore. Company reported net profit after tax of Rs -1590.29 Crore in latest quarter.
Investment Rationale
The stock has resumed its uptrend after testing the trendline support in the recent throwback. Further, RSI has also turned upwards after formation of a positive reversal pattern.
Promoter/FII Holdings
Promoters held 52.2 per cent stake in the company as of June 30, 2021, while FIIs held 19.4 per cent, DIIs 15.1 per cent and public and others 13.3 per cent.
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