Mahindra & Mahindra Financial Services is up nearly 5% at Rs 246 after a block deal at Rs 238.30 per share on the Bombay Stock Exchange (BSE).
The total number of shares was a little over 18.5 lakh shares valued at Rs 44.16 crore.
For the day the stock opened at Rs 235 and has seen a high of Rs 247 thus far. Over the last one month, the stock is down nearly 14%.
The stock has been underperforming since the time asset quality issues became visible in December 2013, with gross non-performing assets (NPAs) up to 4-5% versus 3-4% earlier. And, also the Mahindra group decided not to apply for a banking license.
