Meanwhile, the BSE Sensex was up 232.68 points, or 1.61%, to 14,726.52.

On BSE, 8578 shares were traded in the counter as against an average daily volume of 79,479 shares in the past one quarter.

The stock hit a high of Rs 271.80 and a low of Rs 258.20 so far during the day. The stock had hit a 52-week high of Rs 294.90 on 12 June 2009 and a 52-week low of Rs 161.55 on 24 November 2008.

The stock rose 14.19% in four trading sessions to Rs 271.05 on 30 June 2009, from Rs 237.35 on 24 June 2009. The stock outperformed the market over the past one month till 30 June 2009, rising 4.39% as compared to the Sensex's 0.90% decline. It had, however, underperformed the market in the past one quarter, rising 30.03% as against the Sensex rise of 51.48%.

The mid-cap non-banking finance company has an equity capital of Rs 96.90 crore. Face value per share is Rs 10.

The current price of Rs 265 discounts the company's year ended March 2009 EPS of Rs 22.41, by a PE multiple of 11.82.

On 23 June 2009, the company had announced that HSBC Global Investment Funds increased its stake in the company to 5.70%.

Mahindra & Mahindra Financial Services' net profit rose 43.3% to Rs 108.04 crore on a 10.1% increase in operating income to Rs 397.69 crore in Q4 March 2009 over Q4 March 2008.

The net profit rose 21.2% to Rs 214.52 crore on 12.9% increase in operating income to Rs 1384.66 crore in the year ended March 2009 (FY2009) over the full year ended March 2008 (FY2008).

In the financial year 2008-09, the company's total disbursement rose 7% to Rs 6,281 crore. The company's net non-performing assets (NPAs) declined to 2.8% in FY 2009 compared to 2.9% in FY 2008.

Mahindra & Mahindra Financial Services provides finance for utility vehicles, tractors and cars with largest network of branches covering these areas. The company is a subsidiary of Mahindra & Mahindra, a leading tractor and utility vehicle manufacturer with over 60 years experience in the Indian market.