Buy Mahindra & Mahindra Financial Services, target price Rs 185: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Mahindra & Mahindra Financial Services with a target price of Rs 185. The current market price of Mahindra & Mahindra Financial Services is Rs 175.05.

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 21627.95 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.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2985.65 Crore, up 1.19 % from last quarter Total Income of Rs 2950.58 Crore and down -.24 % from last year same quarter Total Income of Rs 2992.94 Crore. Company reported net profit after tax of Rs 981.72 Crore in latest quarter.

Investment Rationale
Higher highs-higher lows over four weeks and closed above its resistance levels giving strength.

Promoter/FII Holdings
Promoters held 52.16 per cent stake in the company as of 31-Dec-2021, while FIIs owned 19.68 per cent, DIIs 14.94 per cent.