Mahindra & Mahindra Financial Services gained over 5% at Rs 212 on the back of strong volumes.
The stock opened at Rs 202 which was close to the lows of the day and quickly went on to touch the day's high thus far at Rs 221.
A month ago, the non-banking finance company had reported 35.8% jump in consolidated net profit at Rs 216.8 crore for the October-December quarter of the current fiscal, helped by strong revenue growth.
Over one lakh shares were traded today, as compared to a two week average of 30,000 shares.
The stock opened at Rs 202 which was close to the lows of the day and quickly went on to touch the day's high thus far at Rs 221.
A month ago, the non-banking finance company had reported 35.8% jump in consolidated net profit at Rs 216.8 crore for the October-December quarter of the current fiscal, helped by strong revenue growth.
Also Read
During the nine-month period ended December 31, 2012, the company registered a disbursement growth of 21% against the corresponding period last year, thereby maintaining its leadership position for vehicles and tractors in the rural and semi-urban markets.
Over one lakh shares were traded today, as compared to a two week average of 30,000 shares.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%