Sell Mahindra & Mahindra Financial Services, target price Rs 149: Chandan Taparia

Chandan Taparia of Motilal Oswal has sell call on Mahindra & Mahindra Financial Services with a target price of Rs 149. The current market price of Mahindra & Mahindra Financial Services is Rs 155.1. 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 19181.60 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 30-09-2021, the company reported a Consolidated Total Income of Rs 2950.58 Crore, up 14.95 % from last quarter Total Income of Rs 2566.84 Crore and down -3.91 % from last year same quarter Total Income of Rs 3070.50 Crore. Company reported net profit after tax of Rs 1091.47 Crore in latest quarter.

Investment Rationale
Lower tops lower bottom on daily frame and a Bearish Engulfing pattern on weekly frame

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.