Mahindra & Mahindra Financial Services share price: Sell Mahindra & Mahindra Financial Services, target price Rs 140: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has sell call on Mahindra & Mahindra Financial Services with a target price of Rs 140. The current market price of Mahindra & Mahindra Financial Services Ltd. is Rs 150.15.

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 18545.30 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.


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

Investment Rationale
Lower highs-lower lows over four sessions and breakdown on weekly frame with bearish engulfing

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.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Leave a Reply

Your email address will not be published.