Buy Mahindra & Mahindra Financial Services, target price Rs 161: Kotak Securities

Kotak Securities Limited has buy call on Mahindra & Mahindra Financial Services with a target price of Rs 161. The current market price of Mahindra & Mahindra Financial Services Ltd. 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 19163.07 Crore) operating in NBFC sector.

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2566.84 Crore, down -15.52 % from last quarter Total Income of Rs 3038.37 Crore and down -16.35 % from last year same quarter Total Income of Rs 3068.68 Crore. Company reported net profit after tax of Rs -1590.29 Crore in latest quarter.

Investment Rationale
Reversed sharply post double bottom; trend line breakout with huge volume hints at upward move

Promoter/FII Holdings
Promoters held 52.2 per cent stake in the company as of June 30, 2021, while FIIs held 18.2 per cent, DIIs 16.5 per cent and public and others 13.1 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.

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