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M&M Financial Services drops after bulk deal

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Capital Market

Mahindra & Mahindra Financial Services fell 1.79% to Rs 233.50 at 15:06 IST on BSE after a bulk deal of 5 lakh shares was executed on the scrip at Rs 233 per share at 10:47 IST on BSE today, 6 April 2016.

Meanwhile, the S&P BSE Sensex was up 12.20 points or 0.05% at 24,895.79

Bulk deal boosted volume on the scrip. On BSE, so far 5.39 lakh shares were traded in the counter as against average daily volume of 1.01 lakh shares in the past one quarter.

The stock hit a high of Rs 240.10 and low of Rs 232.15 so far during the day. The stock had hit a 52-week low of Rs 173.40 on 12 February 2016. The stock had hit a 52-week high of Rs 294 on 7 July 2015. The stock had underperformed the market over the past one month till 5 April 2016, falling 1.35% compared with Sensex's 0.96% rise. The scrip, however, outperformed the market in past one quarter, falling 2% as against Sensex's 2.72% fall.

 

The large-cap company has equity capital of Rs 113.75 crore. Face value per share is Rs 2.

Mahindra & Mahindra Financial Services' consolidated net profit declined 38.5% to Rs 96.43 crore on 4.7% growth in total income to Rs 1592.65 crore in Q3 December 2015 over Q3 December 2014.

Mahindra & Mahindra Financial Services, part of the Mahindra Group, is one of India's leading non-banking finance companies.

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First Published: Apr 06 2016 | 3:11 PM IST

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