Posted On: July 31, 2023

Stock Report: M&MFIN (NSE) 28 July 2023 

Outlook: BEARISH

Sector: financial Services  

Industry: Credit Services

Mahindra & Mahindra Financial Services Limited is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country. Mahindra Finance started on 1 January 1991, as Maxi Motors Financial Services Limited. 

#xCalData predicts that # M&MFIN will continue its bearish phase over the next five days and trend within the range of 303 to 327. 

In comparison to the previous month, the price of the stock has experienced a decline of 5.59% indicating a bearish.

The Stock has doubled once since 02 Nov 2015 and took an average of 1.8 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Trendline indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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