Time period given by analyst is Intra Day when Mahindra & Mahindra Financial Services Ltd. 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 22344.56 Crore) operating in NBFC sector.
Mahindra & Mahindra Financial Services Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities, Rental Income and Dividend for the year ending 31-Mar-2021.
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
Stock has given a breakout above previous swing high of 179.75 continuing the bullish momentum.
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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