Buy Mahindra & Mahindra Financial Services, target price Rs 380: Axis Capital

Axis Capital has buy call on Mahindra & Mahindra Financial Services with a target price of Rs 380. The current market price of Mahindra & Mahindra Financial Services Ltd. is Rs 330.9.

Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 41019.59 Crore) operating in NBFC sector.

Mahindra & Mahindra Financial Services Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Rental Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 4354.93 Crore, up .51 % from last quarter Total Income of Rs 4332.94 Crore and up 19.74 % from last year same quarter Total Income of Rs 3636.91 Crore. Company reported net profit after tax of Rs 477.94 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 52.16 per cent stake in the company as of 30-Jun-2024, while FIIs owned 10.08 per cent, DIIs 20.62 per cent.