Mahindra & Mahindra Financial Services gained over 5% at Rs 212 on the back of strong volumes.
The stock opened at Rs 202 which was close to the lows of the day and quickly went on to touch the day's high thus far at Rs 221.
A month ago, the non-banking finance company had reported 35.8% jump in consolidated net profit at Rs 216.8 crore for the October-December quarter of the current fiscal, helped by strong revenue growth.
During the nine-month period ended December 31, 2012, the company registered a disbursement growth of 21% against the corresponding period last year, thereby maintaining its leadership position for vehicles and tractors in the rural and semi-urban markets.
Over one lakh shares were traded today, as compared to a two week average of 30,000 shares.
