M&M Financial Services zooms over 16% in July on strong biz outlook

Shares of Mahindra & Mahindra Financial Services Limited (MMFSL) hit a 52-week high of Rs 206.85 (intraday) on the BSE, gaining 3 per cent in Tuesday’s weak trade on a strong business outlook before ending on Rs 204.05 per share. The stock of the Mahindra group company surpassed its previous high of Rs 206.40 touched on November 9, 2021.

In comparison, the S&P BSE Sensex ended the day down 0.94 per cent at 53,886.61 points.

Thus far in July (last eight days), MMFSL has rallied 16 per cent, as compared to a 1.6 per cent rise in the S&P BSE Sensex.