Updated: June 14, 2018, 7:11 AM IST
Mahindra and Mahindra Finance The stock can achieve a target of Rs 690 in 12 months. It is clear that by applying 10 thousand rupees, you can get 12 thousand 500 rupees.
Let's first look at the performance of the stock: –one week: Increased 5 percent
three months: Rose 18 percent
Six months: Rose 7 percent
One year: Rose 39 percent
Siddharth Sedani, vice president of Equity Advisory Anand Rathi, says M&M Finance can buy into the stock. The stock may touch Rs 609 in the next 12 months. He says that the company's growth in vehicle finance is good. Loan growth in housing finance is expected to increase. Loan growth in housing finance is expected at 18-20 per cent annually. M&M provides loans for two-wheeler and consumer durables in financial. A good monsoon will benefit the company. The company has a good presence in rural and urban areas.
Profit up 80 percent
In the fourth quarter of FY 2018 Mahindra and Mahindra Finance Profit of 81.3 per cent to Rs 424.5 crore. In the fourth quarter of FY 2017 Mahindra and Mahindra Finance The profit was Rs 234 crore.
This small planning will make you the owner of 50 lakh rupees
Income increased by 13 percent
In the fourth quarter of FY 2018 Mahindra and Mahindra Finance The income of the company has risen by 13 percent to Rs 2074 crore. In the fourth quarter of FY 2017 Mahindra and Mahindra Finance The income of Rs 1843 crore was.
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First published: June 14, 2018, 7:11 AM IST