Buy M&M Financial Services, price target Rs 347: Jay Thakkar

Jay Thakkar of Anand Rathi has a buy call on Mahindra & Mahindra Financial Services Ltd. with a target price of Rs 347. The current price of Mahindra & Mahindra Financial Services Ltd. is Rs 336.8. Time period given by the analyst is Intra Day when Mahindra & Mahindra Financial Services Ltd. price can reach defined target. Jay Thakkar recommended to keep a stop loss at Rs 321.

Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 20534.51 Crore) operating in NBFC sector.

Mahindra & Mahindra Financial Services Ltd. key Products/Revenue Segments include Interest which contributed Rs 8614.56 Crore to Sales Value (98.75 % of Total Sales), Fees & Other Charges which contributed Rs 86.92 Crore to Sales Value (0.99 % of Total Sales), Dividend which contributed Rs 13.88 Crore to Sales Value (0.15 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 6.84 Crore to Sales Value (0.07 % of Total Sales) and Rental Income which contributed Rs .71 Crore to Sales Value for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2913.97 Crore, up 3.26 % from last quarter sales of Rs 2821.88 Crore and up 16.19 % from last year same quarter Sales of Rs 2507.89 Crore. Company has reported net profit after tax of Rs 252.12 Crore in latest quarter.