Mahindra & Mahindra Financial Services share price today July 11, 2024: Mahindra & Mahindra Financial Services share price as of 16:00 today, November 7 $272.4, down -1.73% from the previous closing price. Sensex is trading at $79541.79, down -1.04%. The stock has hit highs $278.95 and lowest price $Daytime 271.9.
On the technical front, the stock is trading below the 5, 10, and 20-day short-term simple moving averages as well as the 50, 100, and 300-day long-term moving averages.
The stock’s SMA values are as follows:
Classic pivot level analysis shows that the key resistance levels for the stock on the daily time frame are $277.18, $281.72,& $284.43, while its key support level is $269.93, $267.22,& $262.68.
As of 4 pm today, the trading volume of Mahindra & Mahindra Financial Services on NSE and BSE increased by 144.85% compared to the previous day. Trading volume, like price, is an important indicator for studying trends. Positive price changes with increased volume can indicate continued price increases, while negative price changes with increased volume may indicate further price declines.
Overall, while the stock is showing early signs of bottoming out, investors are advised to wait for confirmation of the short-term bullish trend before considering a reversal, according to Mint technical analysis.
From a fundamental analysis, the company’s ROE is 10.04% and ROA is 1.70%.
The stock’s 1-year median forecast upside is 11.23%, with a target price of $303.00.
As per September quarter filings, the company has 0.00% promoter stake, 3.71% MF stake and 10.19% FII stake.
MF’s shareholding increased to 3.71% in the September quarter from 3.57% in June.
FII shareholding increased to 10.19% in the September quarter from 10.08% in June.
Shares of Mahindra & Mahindra Financial Services fell -1.73% today, trading at $272.4, while its peers were a mixed bag. While peers like L&T FINANCE, Cholamanandalam Financial Holdings, Poonawalla Fincorp and others are down today, peers like LIC Housing Finance are gaining. Overall, benchmark indices Nifty and Sensex fell -1.16% and -1.04% respectively.
