Shares of the NBFC jumped 10.56% in the past three sessions to end at Rs 304.10 yesterday from its recent closing low of Rs 275.05 on 18 August 2023.

On the BSE, 1.75 lakh shares were traded in the counter so far compared with average daily volumes of 1.38 lakh shares in the past two weeks. The stock hit a high of Rs 303.8 and a low of Rs 292.8 so far during the day.

The stock hit a 52-week high of Rs 346.4 on 4 July 2023. The stock hit a 52-week low of Rs 176.3 on 28 September 2022.

The stock had underperformed the market over the past one month, declining 6.6% compared with 2.38% decline in the Sensex.

The counter had underperformed the market in past three months, rising 3.92% as against Sensex's 4.7% increase.

However, the scrip had outperformed the market in past one year, surging 48.13% as against Sensex's 10.21% jump.

On the technical front, the stock's daily RSI (relative strength index) stood at 49.229. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading below its 100-day and 200-day simple moving average (SMA) placed at 291.45 and 263.42, respectively. These levels will act as crucial support zones in near term.

Mahindra & Mahindra Financial Services (Mahindra Finance), part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the company has over 8.4 million customers and has an AUM of over $11 billion. The company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits.

The company's net profit surged 58.2% to Rs 352.66 crore on 25.09% jump in total income to Rs 3,125.41 crore in Q1 FY24 over Q1 FY23.