Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 15907.45 Crore) operating in NBFC sector.
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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.
ICICI Direct has given buy rating to Mahindra & Mahindra Financial Services with a target price of Rs 132.50. The share price moved down by 0.58 per cent from its previous close of Rs 129.25. The stock’s last traded price is Rs 129.20.
Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 15907.45 Crore) operating in NBFC sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 3056.62 Crore, down 1.43 % from last quarter Sales of Rs 3101.00 Crore and up 8.32 % from last year same quarter Sales of Rs 2821.88 Crore Company reported net profit after tax of Rs 418.70 Crore in latest quarter.
Investment Rationale Price rebound after taking support at 50% retracement of recent up move 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.
