There are many Non-Banking Finance Companies (NBFCs) in India. A company of Mahindra & Mahindra group of Anand Mahindra also works in this sector. These days a bullish trend is seen in the shares of Mahindra & Mahindra Financial Services. In the last 3 months, these shares have given the investors a return of 30 per cent; in the same year, this return has been more than 50 per cent. In the coming 1 to 2 months, it can make the shares cool in terms of returns.
Last year on January 6, the share price of Mahindra Finance was at Rs 155.30, while the company’s stock closed at Rs 235.90 on Thursday. In about a year, this stock has given investors a return of 51.90 per cent.
Got 30 Percent Return In 3 Months
If we look at the share price of Mahindra Finance in a short period, then in the last 3 months also, this stock has given a return of 31 per cent. On October 3, 2022, this company’s share price was around Rs.179. According to Wednesday’s closing price, investors have a return of about Rs 57 per share.
You Can Get Good Returns In 2 Months
Market experts say that investors who want to earn good returns in the short term can invest in Mahindra & Mahindra Financial Services. He suggests a target price of Rs 270 for this. The growth in this stock is similar to that of other stocks in the financial sector.
According to the news of ET, the Nifty Financial Services Index has climbed more than 9 per cent in a few trading days of 2023, while its growth has been more than 20 per cent in the last 6 months.
RBI Also Removed The Ban
Mahindra & Mahindra Financial Services was accused of using third-party agents to collect loans from people. The Reserve Bank of India (RBI) banned this activity of the company. RBI has lifted this ban from the company after assuring the company to fix its loan recovery system.
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