Mahindra & Mahindra Financial Services share price gained 0.55%
Business Business: Today 28 November 11:02 AM, Mahindra & Mahindra Financial Services shares are trading at ₹ 274, up 0.55% from previous close. Sensex is trading at ₹ 79706.15, down -0.66%. The stock touched a high of ₹ 276 and a low of ₹ 272.05 during the day.
On the technical front, the stock is trading above 5,10,20 day SMA and below 50,100,300 day
SMA. The stock will find support at 5,10,20 day SMA and face resistance at 50,100,300 day SMA. The SMA values for the stock are given below:
Day Simple Moving Average
5 262.00
10 263.63
20 268.76
50 292.03
100 298.19
300 289.25
Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹274.25, ₹275.7, and ₹277.9, while it has key support levels at ₹270.6, ₹268.4, and ₹266.95.
Mahindra & Mahindra Financial Services Share Price Today
As of 11 am today, the traded volume for Mahindra & Mahindra Financial Services on NSE and BSE was 9.06% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volumes indicates a sustainable uptrend, and negative price movement with higher volumes may indicate further decline in prices.
Overall, as per Mint technical analysis, the stock is showing signs of a trend reversal after a strong decline.
From a fundamental analysis point of view, the company’s ROE is 10.04% and ROA is 1.70%, respectively. The current P/E of the stock is at 15.45 and P/B at 1.68. The average 1-year forecasted upside in this stock is 10.58% with a target price of ₹303.00.
The promoter stake in the company is 0.00%, MF stake is 17.62% and FII stake is 10.19%, as per documents filed in the September quarter.
MF stake has increased from 16.94% in June to 17.62% in the September quarter.
FII share has increased from 10.08% in June to 10.19% in the September quarter.
Mahindra & Mahindra Financial Services share price is trading 0.55% higher at ₹ 274 today, in line with its peers. Its peers are also in a rally. Overall, benchmark indices Nifty and Sensex have declined -0.67% and -0.66%, respectively.
