The primary trend of the stock is bullish as it trades above its 50, 100 and 200 day-EMA
On September 22, the regulator barred Mahindra Finance from carrying out any recovery or repossession activity through outsourced agents
The derivative analyst from HDFC Securities recommends to Buy M&M Finance 220 Call and simultaneously Sell 230 Call of the 29-December expiry.
Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.
Mahindra & Mahindra on Monday said it has hiked its stake in its Finland-based arm Sampo Rosenlew Oy to 100 per cent with the acquisition of residual shares for over Rs 35 crore. In December 2020, the company increased its stake in combine harvester maker Sampo Rosenlew Oy to 79.13 per cent with the acquisition of additional 1,050 shares for Rs 31.15 crore. In a regulatory filing, Mahindra & Mahindra (M&M) said it executed an option exercise share purchase agreement on Monday to acquire 1,317 equity shares of Sampo Rosenlew Oy, pursuant to the exercise of a call option by it on the other shareholder of Sampo. Subsequently, the shareholding and consequent voting rights of M&M in Sampo would increase from 79.13 per cent to 100 per cent of the equity share capital of Sampo and it would become a wholly-owned subsidiary of the company, it added. The consideration will be paid in cash and the 1,317 equity shares of Sampo are being acquired at a price of euro 3,333 per share .
The technical analyst from HDFC Securities recommends buying M&M Finance June future with a stop at Rs 183 for a target of Rs 194.
Among stocks, the technical analyst from HDFC Securities recommends buying M&M Finance and Indian Bank
At 02:04 pm, the S&P BSE Midcap, the top gainer among broader indices, was up 1.5 per cent after hitting an intra-day high of 20,234 on the BSE
The stock of UPL is making a higher top and higher bottom formation on the daily chart which indicates every decline will attract fresh buying interest from lower levels
In a Q&A, Ramesh Iyers asserts that the company isn't raising capital due to roadblocks
In an interview with Shreepad S Aute, Ramesh Iyer talks about the upcoming rights issue
The vehicle finance major, provided Rs 562.6 crore towards Covid-19 related shocks
Today, a total of 12 companies including Cipla, Aaarti Drugs, and M&M Finance are scheduled to announce their results
Uptick in used CV sales helped in Q3, but new vehicle sales remain weak and operational challenges haven't eased
Market at this level will witness stock specific movement with trend of all periodicities continuing to be positive
Net interest incomegrew by 20% YoY to Rs 1,204 crore, while net profit, at Rs 319 crore, took a 20% hit, compared to the previous year
Sept quarter was the third straight period of dismal show but share price has gained 60% in 2017