Mahindra & Mahindra Financial Services Ltd rose for a third straight session today. The stock is quoting at Rs 487.45, up 2.32% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.2% on the day, quoting at 11714.7. The Sensex is at 38846.49, down 0.13%. Mahindra & Mahindra Financial Services Ltd has dropped around 5.06% in last one month.

Meanwhile, Nifty Financial Services index of which Mahindra & Mahindra Financial Services Ltd is a constituent, has dropped around 0.52% in last one month and is currently quoting at 11796.95, up 0.02% on the day. The volume in the stock stood at 5.52 lakh shares today, compared to the daily average of 12.2 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 486.95, up 1.96% on the day. Mahindra & Mahindra Financial Services Ltd is up 14.6% in last one year as compared to a 18.52% gain in NIFTY and a 17.16% gain in the Nifty Financial Services index.

The PE of the stock is 27.26 based on TTM earnings ending June 18.

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Mahindra & Mahindra Financial Services has allotted 7870 equity shares under ESOP.

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Mahindra & Mahindra Financial Services announced that the duly authorised Committee at its meeting held on 20 August 2018 has approved the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs. 10,00,000 each, at premium, aggregating to Rs. 100 crore.

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Net profit of Mahindra & Mahindra Financial Services rose 33.62% to Rs 269.05 crore in the quarter ended June 2018 as against Rs 201.36 crore during the previous quarter ended June 2017. Sales rose 28.56% to Rs 1925.84 crore in the quarter ended June 2018 as against Rs 1498.02 crore during the previous quarter ended June 2017.

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