Buy M&M Finance target price Rs 350: Kunal Bothra
Kunal Bothra recommended to keep stoploss at Rs 325.
Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 20207.09 Crore) operating in NBFC sector.
Mahindra & Mahindra Financial Services Ltd. key Products/Revenue Segments include Interest which contributed Rs 8614.56 Crore to Sales Value (98.75 % of Total Sales), Fees & Other Charges which contributed Rs 86.92 Crore to Sales Value (0.99 % of Total Sales), Dividend which contributed Rs 13.88 Crore to Sales Value (0.15 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 6.84 Crore to Sales Value (0.07 % of Total Sales) and Rental Income which contributed Rs .71 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2913.97 Crore, up 3.26 % from last quarter Sales of Rs 2821.88 Crore and up 16.19 % from last year same quarter Sales of Rs 2507.89 Crore Company has reported net profit after tax of Rs 252.12 Crore in latest quarter. The company’s top management includes Dr.Anish Shah, Mr.C B Bhave, Mr.Dhananjay Mungale, Mr.Milind Sarwate, Mr.Ramesh Iyer, Mr.V Ravi, Mr.V S Parthasarathy, Ms.Rama Bijapurkar. Company has BSR & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 617,764,960 shares outstanding.