Nomura India maintained its 'Reduce' rating on the Mahindra Finance stock, citing higher share of AUM (54 per cent of AUM) falling into highly competitive segments like auto/cars, leading to potentially negative impact on yields.
Mahindra Finance share price: The company's stock zoomed 11.36 per cent to trade at Rs 199.95 in afternoon deals. During the day, it touched an intraday high of Rs 201.85 on the BSE index.