Mahindra & Mahindra Financial Services Share Price Today on 08-11-2024: Mahindra & Mahindra Financial Services share price are up by 0.33%, Nifty down by -0.15% | Stock Market News

Mahindra & Mahindra Financial Services Share Price Today on 08-11-2024: At 08 Nov 11:08 today, Mahindra & Mahindra Financial Services shares are trading at price ₹273.5, 0.33% up from the previous closing price. Sensex is trading at ₹79486.31, down by -0.07%. The stock has hit a high of ₹276.35 and a low of ₹271.25 during the day.

On the technical front, the stock is trading above the 10 days SMA & lower than the 5,20,50,100,300 day SMA. The stock will have support at 10 days SMA & face resistance at 5,20,50,100,300 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹277.18, ₹281.72, & ₹284.43, whereas it has key support levels at ₹269.93, ₹267.22, & ₹262.68.

Till 11 AM today, the volume traded on NSE & BSE for Mahindra & Mahindra Financial Services was 370.25% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.

From a fundamental analysis perspective, the company has a ROE of 10.04% & ROA of 1.70% respectively.The current P/E of the stock is at 15.46 & P/B is at 1.68.

The median 1-year forecasted upside in this share is at 10.79% with a target price of ₹303.00.

The company has a 0.00% promoter holding, 3.71% MF holding, & 10.19% FII holding as per filings in the september quarter.

The MF holding has increased from 3.57% in june to 3.71% in the september quarter.

The FII holding has increased from 10.08% in june to 10.19% in the september quarter.

Mahindra & Mahindra Financial Services share price has gained 0.33% today, currently at ₹273.5, while its peers such as are in the red. Overall, benchmark indices Nifty & Sensex are down -0.15% & -0.07% each respectively.