M&M Financial gains 3%, hits 52-week high on healthy business outlook

Shares of Mahindra & Mahindra Financial Services (MMFSL) hit a 52-week high of Rs 206.85 on the BSE, gaining 3 per cent in Tuesday’s weak trade on a strong business outlook. The stock of the Mahindra group company surpassed its previous high of Rs 206.40 touched on November 9, 2021. In comparison, at 11:49 am, the S&P BSE Sensex was down 0.50 per cent at 54,125 points.

Thus far in July (last eight days), MMFSL has rallied 18 per cent, as compared to a 2 per cent rise in the S&P BSE Sensex.

In June 2022, the company