MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
CLOSEDRights Issue · IPO Guide
RI Price
₹50
Subscription
0.00x
Expert Rating
Company has good financials, as per FY20 P/E is 8.35 and RoE 8.74. Sharp decline in net profit of FY20 is due to current pandemic situation and FY21 will be very challenging for the company. Purpose of RI is to repay debt. The difference between CMP and right issue price is around 170%, and as situation will normalise we expect very bright future for company, so we give rating to this right issue.
Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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