M&M Finance share price: Sell Mahindra & Mahindra Financial Services, target price Rs 149: Chandan Taparia

Chandan Taparia of Motilal Oswal sold Mahindra & Mahindra Financial Services with a target price of Rs 149. The current market price of Mahindra & Mahindra Financial Services is Rs 155.1. The time period given by the analyst is Intra Day when the price of Mahindra & Mahindra Financial Services Ltd. can achieve the set goal.

Mahindra & Mahindra Financial Services Ltd., incorporated in 1991, is a large capitalization company (having a market capitalization of Rs 19181.60 Crore) operating in the NBFC sector.

Mahindra & Mahindra Financial Services Ltd. The main income products/segments include interest, fee and commission income, income from the sale of stocks and securities, rental income and dividends for the year ending March 31, 2021.

finance

For the quarter ended 30-09-2021, the company reported a consolidated total revenue of Rs 2950.58 Crore, up 14.95% from last quarter, a total revenue of Rs 2566.84 Crore and a down -3.91% compared to the same quarter last year. Total income of Rs 3070.50 Crore. The company reported a net profit after tax of Rs 1091.47 Crore last quarter.

Investment rationale
Lower lower highs on the daily frame and a bearish engulfing pattern on the weekly frame


Promoter/Fii Holdings
The promoters held 52.16% of the company’s capital as of December 31, 2021, while the FIIs held 19.68% and the DIIs 14.94%.

(Disclaimer: The recommendations given in this section or any report attached hereto are written by an external party. The views expressed are those of the respective authors/entities. These do not represent the views of Economic Times (ET). AND does not warrant, for, endorse any of its content and hereby disclaims all warranties, express or implied, relating thereto.Please consult your financial adviser and seek independent advice.

.

Leave a Comment