Mahindra & Mahindra Financial Services Limited - Macro sentiments turning positive

During the month of July 2021, Mahindra & Mahindra Financial Services Limited saw macro sentiments turning positive with normalcy returning. The disbursement during the month at ~ Rs. 2,400 Crore, more than doubled over a smaller base in July 2020. The collection efficiency further improved to ~95%, up from ~90% in June 2021. The NPA contract counts are showing stability and a declining trend. The Company expects a meaningful reduction in number of NPA contracts in August 2021 and September 2021 with improved mobility and customer cash flows.

Shares of Mahindra & Mahindra Financial Services Limited was last trading in BSE at Rs. 149.8 as compared to the previous close of Rs. 151.8. The total number of shares traded during the day was 622225 in over 3498 trades.

The stock hit an intraday high of Rs. 153.25 and intraday low of 148.3. The net turnover during the day was Rs. 93367968.

Source : Equity Bulls

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