Meanwhile, the BSE Sensex was down 3.02 points, or 0.01%, to 20,220.96.
On BSE, 4.31 lakh shares were traded in the counter as against an average daily volume of 2.20 lakh shares in the past one quarter.
The stock hit a high of Rs 244.45 and a low of Rs 231.10 so far during the day. The stock had hit a 52-week low of Rs 120.49 on 14 June 2012. The stock had hit a record high of Rs 269.70 on 8 May 2013.
The stock outperformed the market over the past one month till 20 May 2013, rising 16.22% compared with the Sensex's 6.35% rise. The scrip had also outperformed the market in past one quarter, gaining 9.58% as against Sensex's 2.96% rise.
The large-cap company has an equity capital of Rs 113.75 crore. Face value per share is Rs 2.
Shares of Mahindra & Mahindra Financial Services (MMFSL) had declined 8.47% in prior three trading sessions to Rs 234 on 20 May 2013 from its recent high of Rs 255.65 on 15 May 2013.
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MMFSL's consolidated net profit rose 42.9% to Rs 346.37 crore on 36.8% growth in total income to Rs 1219.85 crore in Q4 March 2013 over Q4 March 2012.
MMFSL's consolidated net profit rose 44.1% at Rs 927.04 crore on 42.4% increase in total income to Rs 4143.48 crore in the year ended 31 March 2013 over the year ended 31 March 2012.
The net profit for Q4 March 2013 and the year ended 31 March 2013 includes profit of Rs 30 crore arising from exceptional item on account of profit on stake sale of the company's subsidiary MIBL amounting to Rs 66 crore and additional general provision on standard assets amounting to Rs 36 crore on prudent basis from the current year.
MMFSL currently has a network of 657 offices and total assets under management of Rs 27913 crore as on 31 March 2013 as against Rs 20643 as on 31 March 2012, a growth of 35%.
MMFSL, part of the US $15.9 billion Mahindra Group, is one of India's leading non-banking finance companies with a pan India presence. Focused on the rural and semi-urban sector, it provides finance for vehicles and tractors and has the largest network of branches amongst NBFC's operating in these areas.
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