Buy Mahindra & Mahindra Financial Services, target price Rs 207: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Mahindra & Mahindra Financial Services with a target price of Rs 207. The current market price of Mahindra & Mahindra Financial Services is Rs 197.6. 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 24444.96 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 31-03-2022, the company reported a Consolidated Total Income of Rs 2897.44 Crore, down -2.95 % from last quarter Total Income of Rs 2985.65 Crore and down -4.64 % from last year same quarter Total Income of Rs 3038.37 Crore. Company reported net profit after tax of Rs 622.42 Crore in latest quarter.

Investment Rationale
Price volume breakout on weekly frame and sustaining at higher zones after surpassing past hurdles.

Promoter/FII Holdings
Promoters held 52.16 per cent stake in the company as of 31-Mar-2022, while FIIs owned 18.28 per cent, DIIs 15.77 per cent.