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Sell Mahindra & Mahindra Financial Services, target Rs 395 : Manas Jaiswal

ETMarkets.com|
Sep 25, 2017, 08.39 AM IST
0Comments
Manas Jaiswal of manasjaiswal.com has a sell call on Mahindra & Mahindra Financial Services with a target price of Rs 395.

The current market price of Mahindra & Mahindra Financial Services is Rs 410.30.

Time period given by analyst is intraday when Mahindra & Mahindra Financial Services price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 417.

Mahindra & Mahindra Financial Services, incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 23,336.43 Crore) operating in Finance sector.

Mahindra & Mahindra Financial Services key Products/Revenue Segments include Interest which contributed Rs 5,769.28 Crore to Sales Value (93.44 per cent of Total Sales), Income From Financial Services which contributed Rs 362.68 Crore to Sales Value (5.87 per cent of Total Sales), Income On Bill Discounting which contributed Rs 41.79 Crore to Sales Value (0.67 per cent of Total Sales) and Income From Hire Purchase which contributed Rs .15 Crore to Sales Value (0.00 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 1,874.52 Crore, down 11.71 per cent from last quarter Sales of Rs 2,123.08 Crore and up 19.55 per cent from last year same quarter Sales of Rs 1,567.92 Crore.

Company has reported net profit after tax of Rs 60.76 Crore in latest quarter.

The company's top management includes Dr.Anish Shah, Mr.C B Bhave, Mr.Dhananjay Mungale, Mr.M G Bhide, Mr.Piyush Mankad, Mr.Ramesh Iyer, Mr.V Ravi, Mr.V S Parthasarathy, Ms.Rama Bijapurkar.

Company has BSR & Co. LLP as its auditors.

As on 30-06-2017, the company has a total of 568,764,960 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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