Mahindra & Mahindra Financial Services announced that the duly authorised Committee at its meeting held on 14 November 2018 approved the allotment of Secured Redeemable Non-Convertible Debentures ('NCDs') of the face value of Rs. 10,00,000 each, at par, aggregating to Rs. 553 crore.

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Mahindra & Mahindra Financial Services Ltd is up for a third straight session in a row. The stock is quoting at Rs 435, up 3.61% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.78% on the day, quoting at 10565.4. The Sensex is at 35031.01, up 1.74%. Mahindra & Mahindra Financial Services Ltd has risen around 7.09% in last one month.

Meanwhile, Nifty Financial Services index of which Mahindra & Mahindra Financial Services Ltd is a constituent, has risen around 2.56% in last one month and is currently quoting at 10684.85, up 1.64% on the day. The volume in the stock stood at 12.14 lakh shares today, compared to the daily average of 26.04 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 437.15, up 3.76% on the day. Mahindra & Mahindra Financial Services Ltd is up 0.15% in last one year as compared to a 1.08% spurt in NIFTY and a 3.13% spurt in the Nifty Financial Services index.

The PE of the stock is 18.68 based on TTM earnings ending September 18.

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Net profit of Mahindra & Mahindra Financial Services rose 132.53% to Rs 381.39 crore in the quarter ended September 2018 as against Rs 164.02 crore during the previous quarter ended September 2017. Sales rose 38.61% to Rs 2103.27 crore in the quarter ended September 2018 as against Rs 1517.38 crore during the previous quarter ended September 2017.

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Mahindra & Mahindra Financial Services Ltd gained for a third straight session today. The stock is quoting at Rs 393.95, up 5.24% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.51% on the day, quoting at 10198.95. The Sensex is at 33992.28, up 0.43%. Mahindra & Mahindra Financial Services Ltd has slipped around 4.87% in last one month.

Meanwhile, Nifty Financial Services index of which Mahindra & Mahindra Financial Services Ltd is a constituent, has slipped around 2.33% in last one month and is currently quoting at 10321.7, up 1.11% on the day. The volume in the stock stood at 37.34 lakh shares today, compared to the daily average of 24.71 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 393.95, up 5.12% on the day. Mahindra & Mahindra Financial Services Ltd is down 3.4% in last one year as compared to a 0.94% drop in NIFTY and a 2.87% drop in the Nifty Financial Services index.

The PE of the stock is 21.33 based on TTM earnings ending June 18.

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