Mahindra & Mahindra Financial Services Share Price Today on 22-11-2024: At 22 Nov 12:46 today, Mahindra & Mahindra Financial Services shares are trading at price ₹261.65, 2.07% up from the previous closing price. Sensex is trading at ₹78165.44, up by 1.31%. The stock has hit a high of ₹262.35 and a low of ₹256 during the day.
On the technical front, the stock is trading above the 5 days SMA & lower than the 10,20,50,100,300 day SMA. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA
The SMA values for the stock are given below :
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹259.43, ₹262.67, & ₹264.73, whereas it has key support levels at ₹254.13, ₹252.07, & ₹248.83.
Till 12 AM today, the volume traded on NSE & BSE for Mahindra & Mahindra Financial Services was -43.08% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.
From a fundamental analysis perspective, the company has a ROE of 10.04% & ROA of 1.70% respectively.The current P/E of the stock is at 14.53 & P/B is at 1.58.
The median 1-year forecasted upside in this share is at 15.80% with a target price of ₹303.00.
The company has a 0.00% promoter holding, 17.62% MF holding, & 10.19% FII holding as per filings in the september quarter.
The MF holding has increased from 16.94% in june to 17.62% in the september quarter.
The FII holding has increased from 10.08% in june to 10.19% in the september quarter.
Mahindra & Mahindra Financial Services share price up 2.07% today to trade at ₹261.65 while its peers are mixed. Its peers such as Cholamandalam Financial Holdings, Poonawalla Fincorp are falling today, but its peers L&T FINANCE, LIC Housing Finance are on the rise. Overall, benchmark indices Nifty & Sensex are up 1.26% & 1.31% each respectively.