Mahindra & Mahindra Financial Services trades with traction on the BSE

25 Feb 2013 Evaluate

Mahindra & Mahindra Financial Services is currently trading at Rs 210.00, up by 10.85 points or 5.45% from its previous closing of Rs 199.15 on the BSE.

The scrip opened at Rs 209.90 and has touched a high and low of Rs 218.00 and Rs 208.50 respectively. So far 344633 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 244.80 on 03-Jan-2013 and a 52 week low of Rs 120.49 on 14-Jun-2012.

Last one week high and low of the scrip stood at Rs 221.00 and Rs 195.65 respectively. The current market cap of the company is Rs 11932.69 crore.

The promoters holding in the company stood at 52.27% while Institutions and Non-Institutions held 43.03% and 4.70% respectively.

Mahindra & Mahindra Financial Services (Mahindra Finance) is evaluating guidelines for new banking licenses. The company which has got strong rural presence and track record of good governance will pursue this opportunity after studying the detailed guidelines and after review and approval by the boards of both, the company and the parent company, Mahindra & Mahindra (M&M).

According to the new guidelines issued by RBI on Friday last week, both private and public sector entities will be eligible to set up a bank through a wholly-owned non-operative financial holding company (NOFHC).

Mahindra & Mahindra Financial Services, part of the $15.9 billion Mahindra Group, is one of India’s leading non-banking finance companies with a pan India presence. Focused on the rural and semi-urban sector, it provides finance for vehicles and tractors and has the largest network of branches amongst NBFCs operating in these areas

Mah & Mah Finl. Serv Share Price

272.40 1.80 (0.67%)
27-Nov-2024 15:58 View Price Chart
Peers
Company Name CMP
Bajaj Finance 6704.15
Shriram Finance 3021.85
Aditya Birla Capital 193.20
SBI Cards AndPayment 706.95
Mah & Mah Finl. Serv 272.40
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