New Delhi, July 22 -- Shares of Mahindra and Mahindra Financial Services (Mahindra Finance) jumped nearly 10% in morning trade on the BSE on Wednesday, 22 July, a day after clocking a gain of 8.5%, boosted by the company's strong June quarter (Q1FY27) results.

Mahindra Finance's share price opened at Rs.360 on Wednesday against its previous close of Rs.350.65 and jumped 9.5% to an intraday high of Rs.384. Thus, in just two consecutive sessions, the NBFC stock has soared 19%.

Driven by higher net interest margins and lower provisions, Mahindra and Mahindra Financial Services reported a 75% jump in its consolidated net profit to Rs.927 crore for Q1FY27.

On a standalone basis, the NBFC's profit jumped 70% year-on-year (YoY) to Rs.899 cror...