Motilal Oswal Recommends Buying Mahindra & Mahindra Financial Services with a Target Price of Rs 355
Motilal Oswal has advised buying Mahindra & Mahindra Financial Services shares, setting a target price of Rs 355. Currently, the stock is priced at Rs 297.
Mahindra & Mahindra Financial Services Ltd., founded in 1991, is a large-cap company in the NBFC sector, with a market cap of Rs 36,936.17 crore.
The company earns revenue primarily from interest, fees and commission, rental income, and income from selling shares and securities. For the quarter ending March 31, 2024, the company reported a consolidated total income of Rs 4,332.94 crore, which is a 4.74% increase from the previous quarter’s Rs 4,137.00 crore, and a 22.53% increase from the same quarter last year’s Rs 3,536.35 crore. The net profit after tax for the latest quarter was Rs 655.20 crore.
As of March 31, 2024, the company’s promoters held a 52.16% stake, foreign institutional investors (FIIs) held 11.95%, and domestic institutional investors (DIIs) held 18.72%.
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