Mahindra & Mahindra Financial Services share price: Buy Mahindra & Mahindra Financial Services, price target Rs 195: Chandan Taparia

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Chandan of has a call to buy on Mahindra & Mahindra Financial Services with a target price of Rs 195. The current market price of Mahindra & Mahindra Financial Services is Rs 186.3.

The period given by the analyst is Intra Day when Mahindra & . the price can reach the set target.

Mahindra & Mahindra Financial Services Ltd., incorporated in 1991, is a large capitalization company (having a market capitalization of Rs 23036.46 Crore) operating in the NBFC sector.

Mahindra & Mahindra Financial Services Ltd. The main income products/segments include interest, fee and commission income, income from the sale of stocks and securities, rental income and dividends for the year ending March 31, 2021.

finance

For the quarter ended 31-03-2022, the company reported Consolidated Total Revenue of Rs 2897.44 Crore, down -2.95% from last quarter Total Revenue of Rs 2985.65 Crore and down by -4.64% compared to the same quarter of last year Total revenue of Rs 3038.37 Crore. The company reported a net profit after tax of Rs 622.42 Crore last quarter.

Investment rationale
Higher seven session highs and a strong bullish candle on the weekly frame with Cup and Handle



Promoter/Fii Holdings
The promoters held 19.47% of the company’s capital as of March 31, 2022, while the FIIs held 42.59% and the DIIs 23.49%.

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