Chandan Taparia of Motilal Oswal Securities has sell call on Mahindra & Mahindra Financial Services with a target price of Rs 150. The current market price of Mahindra & Mahindra Financial Services Ltd. is Rs 157.
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 19601.68 Crore) operating in NBFC sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3038.37 Crore, up 1.52 % from last quarter Total Income of Rs 2992.94 Crore and down -3.24 % from last year same quarter Total Income of Rs 3140.24 Crore. Company reported net profit after tax of Rs 204.76 Crore in latest quarter.
Investment Rationale
Negated its higher lows formation of the last four weeks and trending southwards on daily frame with death crossover.
Promoter/FII Holdings
Promoters held 51.18 per cent stake in the company as of March 31, 2020, while FIIs held 23.94 per cent, DIIs 15.56 and public and others 9.32 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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