Mahindra & Mahindra Finance Services Ltd. Its an NBFC company catering to mainly vehicle loans. There were few negative factors to consider on the fundamentals. Company has -ve cash flow. Liabilities of 113,264 Cr (Due to loan business) But when the interest rate cut happens, this may face issue in making profit.
There is few strong points to consider Profit has almost doubled. (YoY) Trading at 5 Year average P/E Public Holding is Less than 10%. Company is going to start its business in Life, Health and General Insurance.
I would take the risk with tight Stop Loss and wait. Since all the NBFC Sectors are booming.
BUY- 281 STOP LOSS - 270 Target 1 - 350
Trade active
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Today I got Entry in this script @ 281. Lets see how it goes. I entered with 30% of my total budget. When price starts sustaining above the Sell side VWAP i will add to my position. Kept Stop Loss @ 270.
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Trade closed: stop reached
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Stop Loss Triggered today, Will wait to enter at Buy side VWAP.