Mahindra & Mahindra Financial Services Ltd sees -3.23% decline in stock price on October 7th, 2024

Oct 07 2024 11:00 AM IST
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Mahindra & Mahindra Financial Services Ltd, a leading NBFC in the finance industry, saw a -3.23% decline in its stock price on October 7th, 2024. This was reflected in the 'Hold' rating given by MarketsMojo. The stock has underperformed the sector by -2.52% and has been on a consecutive fall for the last 4 days. It is currently higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a mixed trend. On a comparative basis, its 1-day and 1-month performance is lower than the Sensex's. While this may be a cause for concern, it is important to note that this is a fact-based update and does not reflect any future potential or expert opinions. Investors are advised to do their own research and make informed decisions.

Mahindra & Mahindra Financial Services Ltd, a leading non-banking financial company (NBFC) in the finance industry, has seen a decline in its stock price by -3.23% on October 7th, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

The stock has underperformed the sector by -2.52% on the same day. It has also been on a consecutive fall for the last 4 days, with a total decline of -13.92% during this period. The stock touched an intraday low of Rs 291.45, showing a decrease of -3.38%.

In terms of moving averages, the stock is currently higher than its 200-day moving average, but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend in the stock's performance.

On a comparative basis, the stock's 1-day performance is -3.36% compared to the Sensex's performance of -0.25%. Similarly, the stock's 1-month performance is -10.58% compared to the Sensex's performance of 0.37%.

Mahindra & Mahindra Financial Services Ltd is a large-cap company in the finance industry, known for its strong presence in the NBFC sector. While the recent decline in its stock price may be a cause for concern, it is important to note that this is a fact-based update and does not reflect any future potential or expert opinions. Investors are advised to do their own research and make informed decisions.
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