Mahindra Finance hits 52-week low despite 54.8% profit jump

Mahindra Finance closed 3.16% lower at Rs 288.05 on October 22, 2026, after touching a 52-week low of Rs 268.25 post Q2 results. Mahindra and Mahindra Financial Services Limited [

] fell 3.16% to close at Rs 288.05 on October 22, 2026, its sixth straight lower close. The stock hit a fresh 52 week low of Rs 268.25, close to the Rs 265 support. The September quarter results came after market hours on October 21. Standalone profit rose 54.8% to Rs 881.52 crore from Rs 569.31 crore, and credit cost fell to 1.6% from 2.2%. The stock still fell as much as 9.8% during the day. The chart shows a double top, with peaks near Rs 412 in December 2025 and Rs 415 in August 2026. The neckline, the low between the peaks, is near Rs 269.50. The stock dipped below it today but closed above, so the breakdown is unconfirmed. The trend since August is down, and this is the eleventh consecutive negative streak on weekly basis. What next: a close below the Rs 265 to Rs 270 zone may confirm the pattern. A close above Rs 310 may ease the pressure. Conclusion: Results are strong, yet the stance is cautious below Rs 310. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.