HomeNewsBusinessStocksM&M Financial, L&T Finance look strong: Anu Jain

M&M Financial, L&T Finance look strong: Anu Jain

According to Anu Jain of IIFL Pvt Wealth Management, the key resistance for Mahindra & Mahindra Financial is at Rs 267-268 levels.

October 07, 2013 / 11:27 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Anu Jain of IIFL Pvt Wealth Management told CNBC-TV18, "L&T Finance Holdings and Mahindra & Mahindra Financial Services are looking strong. There is key resistance at Rs 267-268 levels for M&M Financial, if it can manage to cross that then one is looking at Rs 284. Between the two I would prefer M&M Financial."

At 11:11 hrs Mahindra & Mahindra Financial Services was quoting at Rs 274.50, up Rs 6.95, or 2.60 percent. It has touched an intraday high of Rs 276.50 and an intraday low of Rs 268. The share touched its 52-week high Rs 287.50 and 52-week low Rs 175.80 on 19 June, 2013 and 17 October, 2012, respectively. Currently, it is trading 4.52 percent below its 52-week high and 56.14 percent above its 52-week low. Market capitalisation stands at Rs 15,612.60 crore. Also Read: Mahindra to hike prices by up to Rs 20,000 from October
first published: Oct 7, 2013 11:27 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!