Buy M&M Financial; target of Rs 1310: AnandRathi

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26 Aug, 2025 12:21

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AnandRathi is bullish on M&M Financial and has recommended buy rating on the stock with a target of Rs 1310 in its January 23, 2013 research report.
 
“M&M Financial, after a 24 month consolidation gave a major long term break-out above Rs.940, and after making high of Rs.1222 the stock has corrected and now looks good for accumulation ,to be bought on dips for a potential upside target of Rs.1310. Results have been declared but the stock split is still pending. Post the said adjustment, We strongly feel that the stock would rise faster to reach our target / adjusted target . The stock is trading above all major moving averages with the 200 W.M.A at Rs.584, 200 DMA at Rs.818 and the 100DMA at Rs.959 , while stock is hovering around its crucial 50DMA Rs.1066. The company has announced that the face value of the stock will be split from Rs.10 to Rs. 5. Therefore post the split the target would be Rs.655 and the stoploss should be placed at Rs.449,” says AnandRathi research report.

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