M&MFIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 4.1

📈 Chart Patterns & Trend: M&MFIN is trading at ₹377, above both its 50 DMA (₹329) and 200 DMA (₹292). This indicates a strong uptrend with higher highs and strong momentum. The stock is approaching its 52-week high of ₹387, suggesting bullish continuation.

📊 Moving Averages: Price above both short- and long-term averages confirms bullish sentiment. Key support lies near ₹329 (50 DMA) and ₹292 (200 DMA), while resistance is around ₹387.

📉 RSI: At 60.9, RSI is in the bullish zone but not overbought, leaving room for further upside.

📈 MACD: Positive MACD (7.21) signals strong bullish momentum, supporting continuation of the uptrend.

📉 Bollinger Bands: Price is near the upper band, indicating short-term resistance around ₹387. A breakout above this level could trigger fresh highs.

📊 Volume Trends: Current volume (64.9L) is significantly higher than the weekly average (36.5L), showing strong buying interest and confirming bullish sentiment.

🎯 Entry Zone: ₹355–₹365 (near support)

🚪 Exit Zone: ₹385–₹390 (near resistance/high)

Positive

• Strong quarterly PAT growth (+54.1%) with profits rising from ₹530 Cr. to ₹569 Cr.
• EPS of ₹18.4 shows consistent earnings performance.
• PEG ratio of 0.61 highlights undervaluation relative to growth prospects.
• Stock trading above both 50 DMA and 200 DMA confirms bullish momentum.

Limitation

• High debt-to-equity ratio (4.99) increases financial risk.
• ROCE (9.02%) and ROE (12.3%) are moderate compared to peers.
• DII holding decreased (-0.04%), showing slight reduction in domestic institutional confidence.

Company Negative News

• High leverage could impact profitability in rising interest rate scenarios.
• Moderate efficiency ratios compared to industry leaders.

Company Positive News

• FII holding increased (+0.26%), showing foreign investor confidence.
• Strong quarterly profit growth supports earnings momentum.
• High trading volumes confirm strong market interest.

Industry

• Industry PE at 21.2 is slightly higher than M&MFIN’s PE (20.4), suggesting fair valuation.
• NBFC sector benefits from rising credit demand and rural financing growth.

Conclusion

📌 M&MFIN is in a strong uptrend, trading above key moving averages with bullish MACD, supportive RSI, and strong volume. Entry near ₹355–₹365 offers favorable risk-reward, while resistance at ₹385–₹390 provides exit targets. Despite high leverage, strong earnings growth and investor confidence support medium-term bullish potential.