📅 Mahindra & Mahindra Financial Services Limited Seasonality
Mahindra & Mahindra Financial Services Limited (M&MFIN) has ended September higher in 14 of the last 20 years (70%), with an average September move of +2.8%. The strongest September was 2012 (+21.7%) and the weakest was 2018 (-18.2%).
M&MFIN · data since 2006 (21 yrs)
Prices through 18 Sep 2026
14/20
Septembers closed higher
+2.8%
Avg September move
-5.3%
September so far
November
Best month · avg +6.0%
January
Weakest month · avg -4.9%
21
Years of history
Current month: September 2026
historically up 70% of years (14/20)
avg +2.8%
best 2012 +21.7%
worst 2018 -18.2%
so far -5.3%
Mahindra & Mahindra Financial Services Limited's historically strongest month is November — up in 16 of 20 years (80%) with an average gain of +6.0%. The weakest month has been January, averaging -4.9% with gains in only 6 of 20 years.
📊 Average return by month
Bars above the zero line are months M&MFIN typically gained; hover for hit rates.
🗓️ Month-by-month returns (2006–2026)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | -4.9 | +1.0 | -1.1 | +4.1 | +1.5 | +2.2 | +2.0 | +2.5 | +2.8 | +0.0 | +6.0 | +5.8 |
| Up % | 30% | 45% | 65% | 62% | 52% | 57% | 52% | 62% | 70% | 55% | 80% | 70% |
| 2026 | -6.8 | -0.3 | -23.6 | +8.6 | -2.3 | +4.0 | +22.2 | -3.3 | -5.3 | · | · | · |
| 2025 | +7.5 | -5.0 | +4.6 | -7.4 | -0.4 | +3.4 | -4.6 | -1.4 | +8.4 | +14.6 | +17.8 | +8.4 |
| 2024 | +4.5 | -2.0 | -1.6 | -6.3 | +2.5 | +12.3 | +0.9 | +3.7 | +7.6 | -20.0 | +1.0 | -3.1 |
| 2023 | -0.8 | +8.2 | -8.0 | +11.8 | +9.8 | +18.3 | -11.6 | +0.1 | +1.2 | -18.6 | +11.8 | +0.9 |
| 2022 | +8.5 | -10.1 | +9.6 | +15.1 | -2.6 | -1.6 | +6.4 | +10.1 | -9.9 | +9.0 | +6.4 | +9.1 |
| 2021 | -11.5 | +31.6 | -2.3 | -18.6 | +0.7 | -3.6 | -3.6 | +5.8 | +15.6 | -3.1 | -13.5 | -4.0 |
| 2020 | +14.5 | -7.1 | -57.1 | +12.7 | -15.8 | +20.1 | +27.3 | +3.4 | -8.6 | -0.6 | +39.8 | +2.3 |
| 2019 | -14.6 | -2.0 | +8.3 | -6.7 | +5.2 | -7.9 | -21.5 | +5.0 | +2.5 | +7.6 | -0.3 | -8.4 |
| 2018 | +9.4 | -6.7 | +7.1 | +14.0 | -7.7 | -3.7 | +9.4 | -4.8 | -18.2 | +2.2 | +9.8 | +5.4 |
| 2017 | -1.2 | +9.2 | +8.0 | +7.1 | +6.4 | -3.9 | +17.0 | +6.6 | -3.5 | +4.7 | +1.6 | +7.9 |
| 2016 | -14.2 | -0.8 | +18.4 | +22.9 | +7.2 | +3.9 | +0.1 | +7.7 | +2.3 | -0.7 | -17.5 | -9.5 |
| 2015 | -22.6 | -3.2 | +2.7 | +5.4 | +1.0 | +3.7 | -6.7 | -2.0 | -5.3 | -5.1 | +3.2 | +3.3 |
| 2014 | -24.3 | +2.2 | +1.5 | -2.4 | +23.1 | -6.9 | -15.5 | +18.7 | -2.0 | +7.4 | +5.7 | +6.2 |
| 2013 | -5.6 | -10.0 | +4.5 | +16.8 | +10.7 | +3.5 | -9.3 | +8.2 | +2.0 | +9.6 | +4.7 | +8.4 |
| 2012 | +15.3 | +7.9 | -11.7 | +3.3 | -8.3 | +1.6 | +12.3 | +3.9 | +21.7 | -3.4 | +15.4 | +9.8 |
| 2011 | -5.9 | +1.8 | +9.5 | -5.7 | -12.4 | -2.2 | +3.1 | -3.1 | +6.7 | +2.3 | +1.6 | -10.9 |
| 2010 | -8.1 | +7.2 | +10.5 | +20.2 | -6.8 | +9.2 | +25.8 | +4.0 | +10.0 | +14.3 | +6.7 | -6.1 |
| 2009 | -22.8 | +0.7 | +6.1 | -2.6 | +29.5 | +2.8 | -8.5 | -12.2 | +8.0 | +9.6 | +16.7 | +16.2 |
| 2008 | -5.6 | +4.1 | -11.7 | +0.1 | -0.4 | -1.1 | -8.2 | -3.1 | +7.4 | -29.0 | -2.5 | +40.8 |
| 2007 | -13.8 | -6.0 | +3.8 | +0.5 | +0.6 | +5.4 | -2.9 | -4.2 | +5.8 | -4.1 | +11.0 | +24.8 |
| 2006 | · | · | · | -3.1 | -8.8 | -12.3 | +10.9 | +8.9 | +4.9 | +3.9 | +0.4 | +14.4 |
🏆 Top 25 seasonal picks — September 2026
| # | Stock | Record | Win % | Avg return | So far |
|---|---|---|---|---|---|
| 1 | TVSMOTOR TVS Motor Company Limited | 20/22 yrs up | 91% | +10.8% | -3.9% |
| 2 | GAIL GAIL (India) Limited | 18/22 yrs up | 82% | +4.7% | -2.0% |
| 3 | FEDERALBNK The Federal Bank Limited | 18/22 yrs up | 82% | +4.3% | -6.7% |
| 4 | BALKRISIND Balkrishna Industries Limited | 16/20 yrs up | 80% | +3.3% | -0.6% |
| 5 | RPGLIFE RPG Life Sciences Limited | 17/22 yrs up | 77% | +9.7% | +6.6% |
| 6 | ESCORTS Escorts Kubota Limited | 17/22 yrs up | 77% | +8.6% | -6.6% |
| 7 | BBTC The Bombay Burmah Trading Corporation Limited | 17/22 yrs up | 77% | +8.3% | +0.6% |
| 8 | MUNJALAU Munjal Auto Industries Limited | 17/22 yrs up | 77% | +7.7% | -10.2% |
| 9 | VIPIND VIP Industries Limited | 17/22 yrs up | 77% | +7.5% | -2.4% |
| 10 | MARUTI Maruti Suzuki India Limited | 17/22 yrs up | 77% | +7.1% | -10.7% |
| 11 | GMBREW GM Breweries Limited | 17/22 yrs up | 77% | +7.0% | +8.7% |
| 12 | SPLPETRO Supreme Petrochem Limited | 17/22 yrs up | 77% | +6.9% | +18.7% |
| 13 | MOTHERSON Samvardhana Motherson International Limited | 17/22 yrs up | 77% | +6.1% | -4.8% |
| 14 | BAJAJ-AUTO Bajaj Auto Limited | 17/22 yrs up | 77% | +5.8% | -5.9% |
| 15 | GRASIM Grasim Industries Limited | 17/22 yrs up | 77% | +5.0% | -4.8% |
| 16 | BANKBARODA Bank of Baroda | 17/22 yrs up | 77% | +4.1% | -1.5% |
| 17 | ZFCVINDIA ZF Commercial Vehicle Control Systems India Limited | 17/22 yrs up | 77% | +3.7% | -5.8% |
| 18 | BLUESTARCO Blue Star Limited | 17/22 yrs up | 77% | +3.4% | +4.7% |
| 19 | DEEPAKNTR Deepak Nitrite Limited | 12/15 yrs up | 80% | +4.6% | -9.3% |
| 20 | CEATLTD CEAT Limited | 14/18 yrs up | 78% | +8.6% | +1.4% |
| 21 | PANACEABIO Panacea Biotec Limited | 16/22 yrs up | 73% | +9.5% | -5.0% |
| 22 | TATAINVEST Tata Investment Corporation Limited | 16/22 yrs up | 73% | +8.4% | +9.4% |
| 23 | CCL CCL Products (India) Limited | 16/22 yrs up | 73% | +7.9% | -1.3% |
| 24 | SURYAROSNI Surya Roshni Limited | 16/22 yrs up | 73% | +7.3% | -4.1% |
| 25 | EICHERMOT Eicher Motors Limited | 16/22 yrs up | 73% | +7.2% | -5.5% |
“So far” = return in the current (incomplete) period. Full methodology and the
past-performance record of these lists: Seasonality hub →
Current quarter: Q3 2026
historically up 55% of years (11/20)
avg +6.6%
so far +11.9%
By quarter, Q4 (Oct–Dec) has been the strongest for M&MFIN: up in 13 of 20 years, averaging +12.3%. Q1 (Jan–Mar) has been the softest (-5.9% on average). The current quarter (Q3) has historically closed higher 55% of the time.
📊 Average return by quarter
Calendar quarters, close-to-close. Hover for hit rates.
🗓️ Quarter-by-quarter returns
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| Avg | -5.9 | +8.0 | +6.6 | +12.3 |
| Up % | 50% | 67% | 55% | 65% |
| 2026 | -29.0 | +10.4 | +11.9 | · |
| 2025 | +6.8 | -4.6 | +2.0 | +46.4 |
| 2024 | +0.8 | +7.8 | +12.6 | -21.7 |
| 2023 | -1.3 | +45.2 | -10.4 | -8.2 |
| 2022 | +6.8 | +10.2 | +5.6 | +26.6 |
| 2021 | +13.8 | -21.0 | +17.9 | -19.6 |
| 2020 | -54.3 | +14.0 | +20.3 | +42.1 |
| 2019 | -9.4 | -9.5 | -15.6 | -1.7 |
| 2018 | +9.3 | +1.4 | -14.8 | +18.4 |
| 2017 | +16.5 | +9.5 | +20.3 | +14.7 |
| 2016 | +0.8 | +36.9 | +10.3 | -25.8 |
| 2015 | -23.0 | +10.4 | -13.4 | +1.2 |
| 2014 | -21.4 | +11.9 | -1.7 | +20.5 |
| 2013 | -11.2 | +33.9 | +0.0 | +24.5 |
| 2012 | +9.9 | -3.8 | +42.0 | +22.4 |
| 2011 | +4.8 | -19.2 | +6.7 | -7.4 |
| 2010 | +8.8 | +22.4 | +43.9 | +14.5 |
| 2009 | -17.6 | +29.6 | -13.2 | +48.7 |
| 2008 | -13.3 | -1.3 | -4.4 | -2.4 |
| 2007 | -15.8 | +6.5 | -1.6 | +32.9 |
| 2006 | · | -22.5 | +26.7 | +19.3 |
🏆 Top 25 seasonal picks — Q3 2026
| # | Stock | Record | Win % | Avg return | So far |
|---|---|---|---|---|---|
| 1 | LALPATHLAB Dr. Lal Path Labs Ltd. | 10/10 yrs up | 100% | +15.0% | +15.2% |
| 2 | TVSMOTOR TVS Motor Company Limited | 19/22 yrs up | 86% | +17.5% | +20.5% |
| 3 | BERGEPAINT Berger Paints (I) Limited | 19/22 yrs up | 86% | +15.6% | -10.1% |
| 4 | KAJARIACER Kajaria Ceramics Limited | 19/22 yrs up | 86% | +15.2% | -0.6% |
| 5 | TORNTPHARM Torrent Pharmaceuticals Limited | 19/22 yrs up | 86% | +11.8% | +4.8% |
| 6 | ASIANPAINT Asian Paints Limited | 19/22 yrs up | 86% | +10.2% | -7.0% |
| 7 | SUVEN Suven Life Sciences Limited | 18/21 yrs up | 86% | +78.8% | +21.7% |
| 8 | PAGEIND Page Industries Limited | 16/19 yrs up | 84% | +9.6% | -12.0% |
| 9 | ALKEM Alkem Laboratories Limited | 9/10 yrs up | 90% | +12.7% | -1.9% |
| 10 | ATUL Atul Limited | 18/22 yrs up | 82% | +20.3% | -4.5% |
| 11 | ESCORTS Escorts Kubota Limited | 18/22 yrs up | 82% | +19.3% | -4.7% |
| 12 | IGARASHI Igarashi Motors India Limited | 18/22 yrs up | 82% | +16.8% | -5.9% |
| 13 | APOLLOTYRE Apollo Tyres Limited | 18/22 yrs up | 82% | +14.0% | -4.9% |
| 14 | BLUESTARCO Blue Star Limited | 18/22 yrs up | 82% | +13.9% | -5.9% |
| 15 | GRASIM Grasim Industries Limited | 18/22 yrs up | 82% | +12.0% | +3.5% |
| 16 | PRICOLLTD Pricol Limited | 18/22 yrs up | 82% | +11.5% | +27.4% |
| 17 | BAJAJ-AUTO Bajaj Auto Limited | 18/22 yrs up | 82% | +11.5% | +17.5% |
| 18 | ARVIND Arvind Limited | 18/22 yrs up | 82% | +10.8% | -5.9% |
| 19 | SANOFI Sanofi India Limited | 18/22 yrs up | 82% | +5.8% | -9.4% |
| 20 | KANSAINER Kansai Nerolac Paints Limited | 17/21 yrs up | 81% | +13.7% | -9.8% |
| 21 | BANCOINDIA Banco Products (I) Limited | 15/19 yrs up | 79% | +21.4% | -9.9% |
| 22 | EMAMILTD Emami Limited | 15/19 yrs up | 79% | +11.5% | -8.9% |
| 23 | UNOMINDA UNO Minda Limited | 15/19 yrs up | 79% | +10.1% | +18.0% |
| 24 | CGPOWER CG Power and Industrial Solutions Limited | 17/22 yrs up | 77% | +52.7% | -6.3% |
| 25 | PCBL PCBL Chemical Limited | 17/22 yrs up | 77% | +29.1% | +4.8% |
“So far” = return in the current (incomplete) period. Full methodology and the
past-performance record of these lists: Seasonality hub →
❓ M&MFIN seasonality — FAQ
How often does Mahindra & Mahindra Financial Services Limited rise in September?
Historically M&MFIN has closed September with a gain in 14 out of 20 years — a 70% hit rate — averaging +2.8% for the month (data since 2006).
Which is the best month to buy Mahindra & Mahindra Financial Services Limited historically?
Based on 20 years of data, November has been M&MFIN's strongest month: positive in 80% of years with an average return of +6.0%. Past seasonality does not guarantee future results.
Which is the weakest month for Mahindra & Mahindra Financial Services Limited?
January has historically been the weakest month for M&MFIN, with an average move of -4.9% and gains in just 6 of 20 years.
Which quarter is historically strongest for Mahindra & Mahindra Financial Services Limited?
Q4 (Oct–Dec) — positive in 13 of 20 years with an average return of +12.3%.
Does seasonality guarantee future returns?
No. Seasonality is a historical tendency, not a prediction. It reflects how a stock happened to trade in past calendar periods and can break at any time. Use it as one research input alongside fundamentals and technicals, and consult a SEBI-registered adviser before investing.
Methodology: returns are close-to-close over calendar months and quarters, computed from adjusted daily prices since 2006. A period's return is only counted when the immediately preceding period also traded. Statistics cover completed periods; the current period is shown separately as “so far”. Seasonality is a historical tendency, not a prediction or investment advice. Consult a SEBI-registered adviser before investing.
