Jagannadham Thununguntla of SMC Global Securities told CNBC-TV18, "Mahindra & Mahindra Financial Services had a dream rally. Since last three or four years it is one of the best wealth creators for all investors for all the right reasons. They had a phenomenally strong market share and aggressive management; makings of all the classic midcap non-banking financial companies (NBFCs). However, having said that after such a big run up, even a small disappointment on the earnings is bound to have the pressure on the stock price performance."
"If one is a very long-term investor I suggest holding onto the stock but if he/she is a medium-term view then book the profit," he added.
On January 23, 2014 Mahindra & Mahindra Financial Services ended at Rs 239.90, down Rs 14.05, or 5.53 percent.
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!
