Trending stocks: M&M Finance shares jump over 8%
NEW DELHI: Shares of Mahindra & Mahindra Financial Services Ltd. traded 8.1 per cent up in Wednesday's trade at 10:21AM (IST). Around 3,203,149 shares changed hands on the counter.
The counter opened at Rs 136.95 and touched an intraday high and low of Rs 152.75 and Rs 134.3, respectively, in the session so far. The stock of Mahindra & Mahindra Financial Services Ltd. quoted a 52-week high of Rs 245.74 and a 52-week low of Rs 76.46.
Total market cap of the Mahindra & Mahindra Financial Services Ltd. stood at Rs 9244.85 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 3056.62 crore for the quarter ended 30-Jun-2020, down 1.43 per cent from previous quarter's Rs 3101.0 crore and down 8.32 per cent from the year-ago quarter's Rs 2821.88 crore.
The net profit for latest quarter stood at Rs 431.7239 crore, up 302.61 per cent from the same quarter a year ago.
Shareholding pattern
As of 30-Jun-2020, DIIs held 9.36 per cent stake in the company, while foreign institutional investors held 23.52 per cent and the promoters 51.19 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 6.61 and a price-to-book ratio of 0.76. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Mahindra & Mahindra Financial Services Ltd. belongs to the NBFC - Consumer industry.