M&M Finance share price: Buy Mahindra & Mahindra Financial Services, target price Rs 210: Edelweiss

Edelweiss bought a call option on Mahindra & Mahindra Financial Services with a target price of 210 rupees. The current price of Mahindra & Mahindra Financial Services Ltd. is 197.15 rupees.

The period given by the analyst is Intra Day when the price of Mahindra & Mahindra Financial Services Ltd. can achieve the defined goal.

Mahindra & Mahindra Financial Services Ltd., incorporated in 1991, is a large cap company (with a market capitalization of Rs 24,352.29 Crore) operating in the NBFC sector.

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

Finance

For the quarter ended 30-09-2021, the company reported total consolidated income of Rs 2,950.58 Crore, up 14.95% from last quarter, total income of Rs 2,566.84 crore and in decrease of -3.91% compared to last year in the same quarter. Total income of Rs 3070.50 Crore. The company reported net profit after tax of Rs 1091.47 crore in the last quarter.


Justification of the investment
M&M Fin made a decisive breakthrough after a choppy trading range that was active from 196 to 180.

Promoter / FiI Holdings
The promoters held 52.16% of the company’s capital as of September 30, 2021, while the FIIs held 19.61% and the DII 15.18%.

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