Stock of Interest

Posted On: September 27, 2023

Stock Report: M&MFIN(NSE) 26 Sep 2023

Mahindra & Mahindra Financial Services Ltd is a subsidiary of the Indian conglomerate Mahinda & Mahindra. The company is a nonbanking financial company that serves the financing needs of a sizable population residing in nonmetropolitan areas of India. The company provides a wide range of retail products and services, including financing vehicles for commercial and personal use, tractors, small to medium enterprise loans, and other financial products. The company also operates in other niche markets. It has introduced mutual fund distributions, fixed deposit products, and personal loans. The company’s main source of revenue is interest income from its loans.

#xCalData predicts that # M&MFIN will continue its bearish phase over the next five days and trend within the range of 281 to 311. 

In comparison to the previous month, the price of the stock has experienced a decline of 2.3% 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 2 years in the past. 

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

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

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