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

Edelweiss has buy call on Mahindra & Mahindra Financial Services with a target price of Rs 210. The current market price of Mahindra & Mahindra Financial Services Ltd. is Rs 197.15.

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 24352.29 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
M&M Fin has given a decisive breakout after a choppy trading range which was active from 196 – 180.

Promoter/FII Holdings
Promoters held 52.16 per cent stake in the company as of 30-Sep-2021, while FIIs owned 19.61 per cent, DIIs 15.18 per cent.

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