M&M Financial Services share price: Sell M&M Financial Services, target price Rs 150: Motilal Oswal

Chandan Taparia of Motilal Oswal Securities has a sell call on Mahindra & Mahindra Financial Services Ltd. with a target price of Rs 150. The current price of Mahindra & Mahindra Financial Services Ltd. is Rs 157.6. Chandan Taparia recommends to keep a stoploss at Rs 164 .

Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large-Cap company (with a market cap of Rs 19404.00 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.



Investment Rationale


The stock is making lower top-lower bottom on daily scale with sustained selling pressure in entire sector.


Financials


For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 2950.58 Crore, up 14.95 per cent from last quarter Total Income of Rs 2566.84 Crore and down -3.91 per cent from last year same quarter Total Income of Rs 3070.50 Crore. Company has reported net profit after tax of Rs 1091.47 Crore in latest quarter.


Promoter/FII Holdings


Promoters held 52.16 per cent stake in the company as of 30-Sep-2021, while FIIs owned 19.61 per cent, DIIs 15.18 per cent.

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