Mahindra & Mahindra Financial Services Stock Declines by -6.61% on October 4th, 2024

Oct 04 2024 09:30 AM IST
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Mahindra & Mahindra Financial Services, a leading NBFC company, has seen a -6.61% decline in its stock price on October 4th, 2024. The stock has been on a downward trend for the past three days, with high volatility. Despite this, it remains above its moving averages and is a strong player in the market.

Mahindra & Mahindra Financial Services, a leading finance company in the NBFC sector, has seen a decline in its stock price by -6.61% on October 4th, 2024. This underperformance is reflected in the stock's current 'Hold' rating by MarketsMOJO.

The stock has been on a downward trend for the past three days, with a fall of -10.04% during this period. On the same day, the stock also touched an intraday low of Rs 304.7, representing a -5.42% decrease. The stock has also shown high volatility, with an intraday volatility of 78.71% calculated from the weighted average price.

Despite the recent decline, Mahindra & Mahindra Financial Services' stock is still higher than its 100-day and 200-day moving averages. However, it is currently lower than its 5-day, 20-day, and 50-day moving averages.

In comparison to the Sensex, Mahindra & Mahindra Financial Services' stock has underperformed with a -6.33% return in the past day and a -7.03% return in the past month, while the Sensex has only seen a -0.41% and -0.23% return, respectively.

As a largecap company in the finance/NBFC industry, Mahindra & Mahindra Financial Services continues to be a strong player in the market. However, investors should keep an eye on the stock's performance and make informed decisions based on their own research and analysis.
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