Powered by: Motilal Oswal

News

Buy M&M Financial Services Ltd For Target Rs. 350 - Motilal Oswal Financial Services Ltd Earnest attempt at a credible transformation! * MMFS has exhibited volatile operating performance and weak asset quality in the past. However, the management has undertaken various strategic initiatives, which we believe, if executed properly, could script a credible transformation of the company. * MMFS has translated the KPIs introduced under Mission 2025 into strategic priorities, such as expanding its presence, leveraging technology to drive operational efficiency, developing new pr...
Buy M&M Financial Services Ltd For Target Rs. 350 - Motilal Oswal Financial Services Ltd
Buy M&M Financial Services Ltd For Target Rs. 350 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
1/09/2023 2:48:58 PM
Stock of the day : Buy Mahindra and Mahindra Ltd For Target Rs.1,645 - Religare Broking Ltd Mahindra and Mahindra Ltd * M&M has been in steady uptrend from past more than four months with rise in volumes. * It has given a breakout from bullish Flag pattern holding above its short term moving average i.e. 20 DEMA. * Price pattern coupled with supportive volumes suggests bullish tone to continue. * We thus recommend creating fresh longs in the mentioned zone Buy Mahindra and Mahindra Ltd CMP 1560.85; Range 1555-1560; SL 1520; Target 1645    ...
Stock of the day : Buy Mahindra and Mahindra Ltd For Target Rs.1,645 - Religare Broking Ltd
Stock of the day : Buy Mahindra and Mahindra Ltd For Target Rs.1,645 - Religare Broking Ltd
Source: Religare Broking Ltd
30/08/2023 10:15:50 AM
Exclusive-With Tesla push, India mulls import tax cut if EV makers build locally India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said. The policy being considered could allow automakers to import fully-built EVs into India at a reduced tax as low as 15%, compared to the current 100% that applies to cars which cost above $40,000 and 70% for the rest, said two of the sources, ...
Exclusive-With Tesla push, India mulls import tax cut if EV makers build locally
Exclusive-With Tesla push, India mulls import tax cut if EV makers build locally
Source: Reuters
25/08/2023 3:11:02 PM
M&M rides high on eyeing to produce 2 lakh EVs from upcoming Chakan plant by 2029 Mahindra & Mahindra is currently trading at Rs. 1574.05, up by 3.70 points or 0.24% from its previous closing of Rs. 1570.35 on the BSE. The scrip opened at Rs. 1570.40 and has touched a high and low of Rs. 1579.20 and Rs. 1559.95 respectively. So far 43394 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023. Last one week high and low of the...
M&M rides high on eyeing to produce 2 lakh EVs from upcoming Chakan plant by 2029
M&M rides high on eyeing to produce 2 lakh EVs from upcoming Chakan plant by 2029
Source: Accord Fintech
17/08/2023 2:47:32 PM
M&M trades higher as its arm launches range of tractors `the Mahindra OJA` at Futurescape event Mahindra & Mahindra is currently trading at Rs. 1552.45, up by 6.00 points or 0.39% from its previous closing of Rs. 1546.45 on the BSE. The scrip opened at Rs. 1550.20 and has touched a high and low of Rs. 1559.85 and Rs. 1538.90 respectively. So far 20777 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023. Last one week high and low of the...
M&M trades higher as its arm launches range of tractors `the Mahindra OJA` at Futurescape event
M&M trades higher as its arm launches range of tractors `the Mahindra OJA` at Futurescape event
Source: Accord Fintech
16/08/2023 3:05:16 PM
Stock of the day : Buy Mahindra and Mahindra Ltd Target Rs. 1,620 - Religare Broking Ltd Mahindra and Mahindra Ltd * M&M has been gradually inching higher from last more than 4 months with noticeable surge in volumes. * After hitting an all-time high in August, it retraced towards its medium term moving average and now has registered breakout from a intermediate down sloping trendline. * The recent price action coupled with positive momentum indicates the bullish tone to continue in near future. * We thus advise creating fresh longs in the mentioned zone. B...
Stock of the day : Buy Mahindra and Mahindra Ltd Target Rs. 1,620 - Religare Broking Ltd
Stock of the day : Buy Mahindra and Mahindra Ltd Target Rs. 1,620 - Religare Broking Ltd
Source: Religare Broking Ltd
16/08/2023 10:35:08 AM
Mahindra & Mahindra rides high on expanding XUV300 line-up with new variants Mahindra & Mahindra is currently trading at Rs. 1549.50, up by 3.90 points or 0.25% from its previous closing of Rs. 1545.60 on the BSE. The scrip opened at Rs. 1559.45 and has touched a high and low of Rs. 1559.45 and Rs. 1533.30 respectively. So far 25523 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023. Last one week high and low of the...
Mahindra & Mahindra rides high on expanding XUV300 line-up with new variants
Mahindra & Mahindra rides high on expanding XUV300 line-up with new variants
Source: Accord Fintech
11/08/2023 12:46:56 PM
Buy Mahindra And Mahindra Ltd For Target Rs.1,727- LKP Securities Ltd M&M reported decent Q1 FY24 numbers wherein the topline was reported at ?240 bn, a growth of 22.7% yoy and 6.6% qoq. Volumes rose by 10% yoy and realizations went up by about 11.2% yoy. Automotive division revenues came in at ?166 bn, an increase of 21% yoy led by success of new launches –Thar, Bolero Neo, XUV 7oo, Scorpio variants and XUV 3oo & 4oo. M&M started rapidly catering to the order backlog as chip shortage issue softened. Automotive segment reported strong EBIT mar...
Buy Mahindra And Mahindra Ltd For Target Rs.1,727- LKP Securities Ltd
Buy Mahindra And Mahindra Ltd For Target Rs.1,727- LKP Securities Ltd
Source: LKP Securities Ltd
7/08/2023 3:52:31 PM
India's Mahindra and Mahindra does not intend to invest more in RBL Mahindra and Mahindra does not intend to build on its stake in RBL Bank, the Indian automaker said on Friday, roughly a week after its purchase of a 3.5% stake in the lender sparked investor concerns. Mahindra shares plunged at the announcement of the 4.17 billion rupee ($50 million)-deal, in which the company said it also planned to raise its stake to 9.9% in the future, subject to regulatory approval. "This investment is really for us to understand banking in a lot more detail wi...
India's Mahindra and Mahindra does not intend to invest more in RBL
India's Mahindra and Mahindra does not intend to invest more in RBL
Source: Reuters
4/08/2023 3:43:14 PM
Mahindra`s EV unit raises funds from Temasek at $9.8 billion valuation Mahindra and Mahindra has raised $145 million from Temasek for its electric vehicle unit at a valuation of up to 805.8 billion rupees ($9.8 billion), the latest fundraising by the Indian automaker as it looks to ramp up EV sales. Temasek will take up to a 3% stake in the company which last year raised up to $250 million from British International Investments (BII) at a valuation of as much as $9.1 billion. The automaker is aggressively trying to lift the share of its electric SUVs in a ...
Mahindra`s EV unit raises funds from Temasek at $9.8 billion valuation
Mahindra`s EV unit raises funds from Temasek at $9.8 billion valuation
Source: Reuters
3/08/2023 7:08:53 PM
Temasek to invest in Mahindra EV unit at $9.8 billion valuation Singapore investment firm Temasek will take up to a 3% stake in Mahindra and Mahindra's electric vehicle unit at a valuation of up to $9.8 billion, the Indian automaker said on Thursday. Temasek will invest 12 billion rupees ($145.02 million) as compulsorily convertible preference shares, giving the investor a 1.49%-2.97% stake in Mahindra Electric Automobile Ltd, the automaker said in a regulatory filing. With Temasek, the automaker has brought onboard a "marquee investor"...
Temasek to invest in Mahindra EV unit at $9.8 billion valuation
Temasek to invest in Mahindra EV unit at $9.8 billion valuation
Source: Reuters
3/08/2023 1:50:03 PM
India`s two-wheeler sales likely to improve as early as September - analysts Indian two-wheeler makers could begin posting better wholesale numbers as early as September as exports pick up and domestic demand improves in the upcoming festival season, analysts said this week. The outlook comes after two-wheeler makers such as Bajaj Auto and Hero MotoCorp reported dismal sales volumes for July. "The incessant rains and the floods caused crop damage in several states, and also resulted in a sharp decline in customer footfall at dealerships," Hero MotoCorp...
India`s two-wheeler sales likely to improve as early as September - analysts
India`s two-wheeler sales likely to improve as early as September - analysts
Source: Reuters
2/08/2023 7:48:55 PM
India's Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million Indian tech-to-tractor conglomerate Mahindra & Mahindra on Wednesday said it bought a 3.53% stake in private lender RBL Bank for 4.17 billion rupees ($50.8 million). The company might consider further investment in the lender subject to pricing, regulatory approvals and required procedures, Mahindra said, adding that the investment will not exceed a 9.9% stake. Multiple block deals were seen in RBL Bank on Wednesday and the stock ended up 7.1%. In a separate statement, RBL said i...
India's Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million
India's Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million
Source: Reuters
26/07/2023 7:51:25 PM
India`s Mahindra Logistics swings to loss on higher costs, weak demand India's Mahindra Logistics swung to a loss in the first quarter on Monday, hurt by higher expenses and lukewarm demand. The freight carrier posted a consolidated net loss after tax of 85.5 million rupees ($1.04 million) in the three months ended June 30, compared with a profit of 135.2 million rupees a year earlier. Consolidated total expenses surged nearly 10% to 12.99 billion rupees. The company had earlier flagged an impact on its business from slowing network expansion in e-c...
India`s Mahindra Logistics swings to loss on higher costs, weak demand
India`s Mahindra Logistics swings to loss on higher costs, weak demand
Source: Reuters
24/07/2023 4:32:11 PM
Mahindra Roxor cleared for sale in the US Since its launch in the US back in 2018, Mahindra's Roxor off-roader has been facing multiple lawsuits by Fiat Chrysler Automobiles (FCA) - Stellantis, over its Jeep-like design. In a recent development, Mahindra has said that it has got the clearance to manufacture and sell the Roxor with the design update that debuted post 2020, Autocar India reported. In a regulatory filing, Mahindra has said that on July 19, the Eastern District Court of Michigan issued its order on FCA's renew...
Mahindra Roxor cleared for sale in the US
Mahindra Roxor cleared for sale in the US
Source: IANS
23/07/2023 2:36:08 PM
Mahindra & Mahindra inches up on inking MoU with NXP Semiconductors Mahindra & Mahindra is currently trading at Rs. 1547.05, up by 0.55 points or 0.04% from its previous closing of Rs. 1546.50 on the BSE. The scrip opened at Rs. 1550.05 and has touched a high and low of Rs. 1558.00 and Rs. 1546.00 respectively. So far 2624 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023. Last one week high and low of the ...
Mahindra & Mahindra inches up on inking MoU with NXP Semiconductors
Mahindra & Mahindra inches up on inking MoU with NXP Semiconductors
Source: Accord Fintech
17/07/2023 9:51:04 AM
NXP, Mahindra join hands to drive next-gen smart e-mobility in India NXP Semiconductors on Friday signed a Memorandum of Understanding (MoU) with Mahindra & Mahindra Ltd to explore the electric and connected vehicle landscape, covering a wide range of vehicles, including utility vehicles, light commercial vehicles, farm equipment, and tractors in India. Mahindra will get access to NXP's robust partner ecosystem, comprising Tier 1, ODM, IDH, module vendors, and integrators.  The partnership will also provide valuable insights into NXP's t...
NXP, Mahindra join hands to drive next-gen smart e-mobility in India
NXP, Mahindra join hands to drive next-gen smart e-mobility in India
Source: IANS
14/07/2023 4:08:05 PM
India's June vehicle retail sales up, but supply challenges hurt: industry body Retail sales of cars and bikes in India rose in June, an industry body said on Thursday, while also flagging "demand-supply mismatches" that likely caused some disruption. Sales of cars and vans - clubbed as passenger vehicles - rose 4.8% to more than 295,000 units – a record high for the month of June, while those of two wheelers were up 6.8% at over 1.3 million units, data from the Federation of Automobile Dealers Association (FADA) showed. However, dealers selling car...
India's June vehicle retail sales up, but supply challenges hurt: industry body
India's June vehicle retail sales up, but supply challenges hurt: industry body
Source: Reuters
6/07/2023 2:50:11 PM
Stock Picks : Mahindra&Mahindra Ltd and Aurobindo Pharma Ltd By ICICI Direct Mahindra&Mahindra Ltd Buy Mahindra&Mahindra Ltd @1472-1475; Target 1491.00; Stop Loss 1466.00 Aurobindo Pharma Ltd Buy Aurobindo Pharma Ltd @730-732; Target 742.00; Stop Loss 726.30     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Ab...
Stock Picks : Mahindra&Mahindra Ltd and Aurobindo Pharma Ltd By ICICI Direct
Stock Picks : Mahindra&Mahindra Ltd and Aurobindo Pharma Ltd By ICICI Direct
Source: ICICI Direct
6/07/2023 10:27:34 AM
Tech Stars :Mahindra & Mahindra Ltd and V-Guard Industries Ltd By Religare Broking Ltd MAHINDRA & MAHINDRA LIMITED   TECHNICAL RATIONALE – M&M has been gradually inching higher for the last 3 months, after retesting the lower band of the broadening formation. It has formed a fresh buying pivot while holding above the support zone of short term moving average i.e. 20 EMA and looks set to retest the upper band of the pattern and even surpass the same. We thus recommend creating longs in the given range.   V-GUARD INDUSTRIES LIMITED ...
Tech Stars :Mahindra & Mahindra Ltd and V-Guard Industries Ltd By Religare Broking Ltd
Tech Stars :Mahindra & Mahindra Ltd and V-Guard Industries Ltd By Religare Broking Ltd
Source: Religare Broking Ltd
29/06/2023 11:58:38 AM
South Indian Bank signs an MOU with Mahindra and Mahindra Ltd (M&M) for Dealer Financing South Indian Bank (SIB) today signed an MOU (Memorandum of Understanding) with Mahindra and Mahindra Ltd (Automobile division) for providing the latter’s dealers with financing solutions. Under the partnership, SIB will provide unmatched dealer finance solutions to M&M’s dealers, thereby meeting their vehicle inventory funding requirements.   Speaking on the alliance, Ms. Biji S.S, Senior General Manager & Group Business Head, South Indian Bank, said,&...
South Indian Bank signs an MOU with Mahindra and Mahindra Ltd (M&M) for Dealer Financing
South Indian Bank signs an MOU with Mahindra and Mahindra Ltd (M&M) for Dealer Financing
Source: PR Agency
28/06/2023 3:11:36 PM
M&M rises on launching SUV XUV700 in Australia Mahindra & Mahindra is currently trading at Rs. 1392.05, up by 13.20 points or 0.96% from its previous closing of Rs. 1378.85 on the BSE. The scrip opened at Rs. 1380.10 and has touched a high and low of Rs. 1397.80 and Rs. 1366.10 respectively. So far 30113 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1420.00 on 07-Jun-2023 and a 52 week low of Rs. 972.90 on 22-Jun-2022. Last one week high and low of the...
M&M rises on launching SUV XUV700 in Australia
M&M rises on launching SUV XUV700 in Australia
Source: Accord Fintech
15/06/2023 11:31:47 AM
M&M gains on incorporating new step-down subsidiary Mahindra & Mahindra is currently trading at Rs. 1387.20, up by 8.35 points or 0.61% from its previous closing of Rs. 1378.85 on the BSE. The scrip opened at Rs. 1380.10 and has touched a high and low of Rs. 1387.80 and Rs. 1366.10 respectively. So far 16327 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1420.00 on 07-Jun-2023 and a 52 week low of Rs. 972.90 on 22-Jun-2022. Last one week high and low of the ...
M&M gains on incorporating new step-down subsidiary
M&M gains on incorporating new step-down subsidiary
Source: Accord Fintech
15/06/2023 10:40:17 AM
M&M catches speed on looking at maintaining leadership position in fast growing SUV segment Mahindra & Mahindra is currently trading at Rs. 1385.15, up by 44.10 points or 3.29% from its previous closing of Rs. 1341.05 on the BSE. The scrip opened at Rs. 1346.05 and has touched a high and low of Rs. 1389.50 and Rs. 1346.05 respectively. So far 55798 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1396.00 on 16-Feb-2023 and a 52 week low of Rs. 972.90 on 22-Jun-2022. Last one week high and low of the...
M&M catches speed on looking at maintaining leadership position in fast growing SUV segment
M&M catches speed on looking at maintaining leadership position in fast growing SUV segment
Source: Accord Fintech
5/06/2023 12:34:58 PM
India clocks robust SUV sales in May, two-wheeler volumes rise Indian automakers reported robust sales of sport utility vehicles (SUVs) in May on steady demand and saw an uptick in two-wheeler sales on the back of the wedding season and replacement of old bikes and scooters. Mahindra and Mahindra, the country's top SUV maker by market share, reported a 23.5% jump in SUV sales, while sales of the larger and pricier vehicles at Maruti Suzuki, the top carmaker by volumes, grew around 65%. Sales of SUVs propelled India's passenger vehicle (PV) ...
India clocks robust SUV sales in May, two-wheeler volumes rise
India clocks robust SUV sales in May, two-wheeler volumes rise
Source: Reuters
1/06/2023 5:33:53 PM
Buy Mahindra & Mahindra Ltd For Target Rs.1,486 - Geojit Financial Services Healthy revenue with strong volume growth   Mahindra & Mahindra Ltd (M&M) manufactures automobiles, farm equipment, and automotive components. It also manufactures agricultural tractors, implements, and engines. * M&M’s consolidated revenue grew 24.8% YoY (+5.7% QoQ) to Rs. 32,366cr in Q4FY23, driven by strong performance in the automotive and farm equipment segments. * EBITDA grew 30.2% YoY (+6.0% QoQ) to Rs. 5,568cr despite higher cost of sales and operati...
Buy Mahindra & Mahindra Ltd For Target Rs.1,486 - Geojit Financial Services
Buy Mahindra & Mahindra Ltd For Target Rs.1,486 - Geojit Financial Services
Source: Geojit Financial Services Ltd
1/06/2023 4:08:59 PM
Buy Mahindra and Mahindra Ltd For Target Rs.1,500 - Motilal Oswal Financial Services Tractor industry to grow at low single digit, M&M targeting share gains * MM’s 4QFY23 operating performance was in line, though PAT exceeded expectations thanks to higher other income and lower tax. SUV business order backlog continues to increase (~292k units vs 266k in 3Q) driven by new launches, despite increase in production. In tractors, it aims to gain market share through product launches in lightweight tractors, though industry is expected to have low growth in FY24. *...
Buy Mahindra and Mahindra Ltd For Target Rs.1,500 - Motilal Oswal Financial Services
Buy Mahindra and Mahindra Ltd For Target Rs.1,500 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
31/05/2023 4:00:45 PM
Buy Mahindra And Mahindra Ltd For Target Rs.1,685 - LKP Securities Ltd M&M reported decent Q4 FY23 numbers wherein the topline was reported at ?226 bn, a growth of 31.8% yoy and 4.2% qoq. Volumes rose by 17% yoy and realizations went up by about 12.6% yoy. Automotive division revenues came in at ?164 bn, an increase of 36% yoy led by success of new launches –Thar, Bolero Neo, XUV 7oo, Scorpio variants and XUV 3oo & 4oo as M&M started rapidly catering to the order backlog. Automotive segment reported strong EBIT margins, which rose by 60 bp...
Buy Mahindra And Mahindra Ltd For Target Rs.1,685 - LKP Securities Ltd
Buy Mahindra And Mahindra Ltd For Target Rs.1,685 - LKP Securities Ltd
Source: LKP Securities Ltd
30/05/2023 1:24:23 PM
Much before talk of diesel car ban, sales down to 17.6% of total volume The news about an Indian government committee suggesting a ban on diesel cars from 2027 has sowed the seeds of uncertainty in the minds of diesel car buyers today, said top industry officials. Car buyers will think twice before writing out a cheque to buy a diesel car, they added. The government has suggested a ban on diesel-powered cars by 2027 in cities with a population of over a million people. "The impact on the diesel vehicle industry will be from now, and not from 2027,&q...
Much before talk of diesel car ban, sales down to 17.6% of total volume
Much before talk of diesel car ban, sales down to 17.6% of total volume
Source: IANS
14/05/2023 1:59:39 PM
Stock Picks : Mahindra&Mahindra Ltd and Laurus Labs Ltd By ICICI Direct Mahindra&Mahindra Ltd Buy Mahindra&Mahindra Ltd @1242-1246 CMP 1245.45; Target 1262.00; Stop Loss 1231.70   Laurus Labs Ltd Buy Laurus Labs Ltd @333.50-334.50 CMP 334.15; Target 338.80; Stop Loss 330.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183...
Stock Picks : Mahindra&Mahindra Ltd and Laurus Labs Ltd By ICICI Direct
Stock Picks : Mahindra&Mahindra Ltd and Laurus Labs Ltd By ICICI Direct
Source: ICICI Direct
10/05/2023 11:57:17 AM
Indian automakers post lacklustre April commercial vehicles sales growth India's wholesale commercial and passenger vehicle sales growth moderated in April, following a boost from the festive season and pre-buying last month ahead of the implementation of tighter fuel emission norms. The norms, implemented on April 1, require automakers to fit vehicles with a device to check emissions, leading to extra costs. Maruti Suzuki India Ltd, Hero MotoCorp Ltd and Tata Motors Ltd have hiked prices to cushion the impact of the additional expenses. Analysts said...
Indian automakers post lacklustre April commercial vehicles sales growth
Indian automakers post lacklustre April commercial vehicles sales growth
Source: Reuters
2/05/2023 3:38:13 PM
M&M April sales boosted by utility vehicles Boosted by the sales of its utility vehicle models, Mahindra & Mahindra Ltd (M&M Ltd) closed last month selling 62,294 vehicles, up from 45,640 units sold in April 2022. According to M&M, it sold 34,694 utility vehicles last month against 168 units in April 2022, while the sales numbers for cars and vans were 4 units (358 units in 2022). The total number of vehicles in the passenger segment sold was 34,698 units last month. M&M sold 20,231 units (17,402 units in 2022) of...
M&M April sales boosted by utility vehicles
M&M April sales boosted by utility vehicles
Source: IANS
2/05/2023 1:25:36 PM
Stock Picks : Mahindra & Mahindra Ltd and Kotak Mahindra Bank Ltd By ICICI Direct Mahindra &Mahindra Ltd Buy Mahindra &Mahindra Ltd @1224-1227 CMP1224.00; Target 1243.00; Stop Loss 1215.90   Kotak Mahindra Bank Ltd Buy Kotak Mahindra Bank Ltd @1909-1912 CMP 1908.60; Target 1936.00; Stop Loss 1894.00       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration ...
Stock Picks : Mahindra & Mahindra Ltd and Kotak Mahindra Bank Ltd By ICICI Direct
Stock Picks : Mahindra & Mahindra Ltd and Kotak Mahindra Bank Ltd By ICICI Direct
Source: ICICI Direct
28/04/2023 9:52:16 AM
Mahindra & Mahindra trades higher on selling over 1 lakh Bolero SUVs in FY 2023 Mahindra & Mahindra is currently trading at Rs. 1208.90, up by 1.15 points or 0.10% from its previous closing of Rs. 1207.75 on the BSE. The scrip opened at Rs. 1213.95 and has touched a high and low of Rs. 1214.95 and Rs. 1199.20 respectively. So far 26117 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1396.00 on 16-Feb-2023 and a 52 week low of Rs. 854.45 on 12-May-2022. Last one week high and low of the ...
Mahindra & Mahindra trades higher on selling over 1 lakh Bolero SUVs in FY 2023
Mahindra & Mahindra trades higher on selling over 1 lakh Bolero SUVs in FY 2023
Source: Accord Fintech
25/04/2023 3:38:04 PM
Mahindra Bolero SUV Breaks Sales Record: Surpasses 1 Lakh Mark in FY 2023 Mumbai: Mahindra & Mahindra Ltd., pioneers of the SUV segment in India, announced today that its iconic Bolero SUV has crossed the 1 lakh mark in sales in FY 2023, marking a significant milestone.Since its introduction in 2000, the Bolero has sold over 1400000 units, a true testament to its unmatched value proposition, exceptional performance capability, and striking stance. These recordsshowcaseBolero’s flourishing popularity and demand in the market. With a rich heritage s...
Mahindra Bolero SUV Breaks Sales Record: Surpasses 1 Lakh Mark in FY 2023
Mahindra Bolero SUV Breaks Sales Record: Surpasses 1 Lakh Mark in FY 2023
Source: PR Agency
24/04/2023 7:52:05 PM
M&M rises on manufacturing e-SUV `XUV400` in water-positive Nashik facility Mahindra & Mahindra is currently trading at Rs. 1212.50, up by 7.55 points or 0.63% from its previous closing of Rs. 1204.95 on the BSE. The scrip opened at Rs. 1211.00 and has touched a high and low of Rs. 1214.75 and Rs. 1204.00 respectively. So far 19280 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1396.00 on 16-Feb-2023 and a 52 week low of Rs. 854.45 on 12-May-2022. Last one week high and low of the ...
M&M rises on manufacturing e-SUV `XUV400` in water-positive Nashik facility
M&M rises on manufacturing e-SUV `XUV400` in water-positive Nashik facility
Source: Accord Fintech
19/04/2023 12:23:29 PM
Keshub Mahindra: The man who saw evolution of Indian auto industry and grew M&M He was one of the oldest Indian industrialists who headed one of the oldest automobile groups in the country - Mahindra & Mahindra (M&M). But on Wednesday, the 99-year-old doyen Keshub Mahindra (Born on October 9, 1923), Chairman Emeritus of the $19 billion revenue M&M group attained the lotus feat of the God. In another six months, he would have become a centenarian. It was during his nearly 50-year reign, that the M&M group forayed into other business ventures like inf...
Keshub Mahindra: The man who saw evolution of Indian auto industry and grew M&M
Keshub Mahindra: The man who saw evolution of Indian auto industry and grew M&M
Source: IANS
12/04/2023 5:23:14 PM
India`s retail vehicle sales climb 14% in March; 3-wheeler sales record - FADA India's retail vehicle sales jumped 14% to more than 2 million in March on festival demand and buying ahead of implementation of new fuel emission norms, the country's Federation of Automobile Dealers Associations (FADA) said on Tuesday. But following March's surge, the financial year that began at the start of this month is expected to see growth tapering to a low single-digit percentage, the association said, citing a high comparison base, inflationary pressures, routine pric...
India`s retail vehicle sales climb 14% in March; 3-wheeler sales record - FADA
India`s retail vehicle sales climb 14% in March; 3-wheeler sales record - FADA
Source: Reuters
4/04/2023 12:34:01 PM
M&M rides high on posting 31% growth in total vehicle sales in March Mahindra & Mahindra is currently trading at Rs. 1167.95, up by 9.40 points or 0.81% from its previous closing of Rs. 1158.55 on the BSE. The scrip opened at Rs. 1162.00 and has touched a high and low of Rs. 1179.85 and Rs. 1156.00 respectively. So far 33195 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1396.00 on 16-Feb-2023 and a 52 week low of Rs. 808.45 on 01-Apr-2022. Last one week high and low of the ...
M&M rides high on posting 31% growth in total vehicle sales in March
M&M rides high on posting 31% growth in total vehicle sales in March
Source: Accord Fintech
3/04/2023 3:08:50 PM
Mahindra Announces Association with Four T20 League Teams as Official SUV Partner Mahindra & Mahindra Ltd.,., pioneers of the SUV segment in India, has announced its association as the official SUV partner with four T20 league teams – Royal Challengers Bangalore, Delhi Capitals, Mumbai Indians, and Rajasthan Royals– and will be engaging in various on-ground and online activities during the upcoming season. Through this association, Mahindra aims to deepen engagement with its customers and strengthen the bond between the brand and the T20 league teams. Ma...
Mahindra Announces Association with Four T20 League Teams as Official SUV Partner
Mahindra Announces Association with Four T20 League Teams as Official SUV Partner
Source: PR Agency
29/03/2023 10:55:33 AM
World Bank`s IFC to invest about $73 million in Mahindra`s last mile mobility unit Indian automaker Mahindra and Mahindra Ltd said on Wednesday that World Bank's private investment arm, International Finance Corp (IFC), will invest 6 billion rupees ($72.58 million) in the company's last mile electric mobility unit. The investment, which will be in the form of compulsory convertible instruments, will value the unit at 60.20 billion rupees. IFC will own about a 9.97%-13.64% stake in the newly formed company. The new unit will house the last mile mobility divisio...
World Bank`s IFC to invest about $73 million in Mahindra`s last mile mobility unit
World Bank`s IFC to invest about $73 million in Mahindra`s last mile mobility unit
Source: Reuters
22/03/2023 12:45:05 PM
Key Stock Ideas: GQC, Adani Group, Mahindra and Mahidra, Godrej Industries - ARETE Securities GQC may pick up stake in adani cements business: The Adani Group is likely to make an announcement early this week on selling a stake in its cement business, with Australia-listed and Florida-based investment firm GQG Partners being one of the probable buyers, the Hindu businessline reported on March 12 citing sources.The report also suggested that more fundraising — somewhere in the region of $1.7 billion — will take place before the end of March. It is understood to be in tal...
Key Stock Ideas: GQC, Adani Group, Mahindra and Mahidra, Godrej Industries - ARETE Securities
Key Stock Ideas: GQC, Adani Group, Mahindra and Mahidra, Godrej Industries - ARETE Securities
Source: ARETE Securities Ltd
13/03/2023 9:44:06 AM
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech Prime Minister Narendra Modi on Tuesday will address a post-budget webinar on the theme 'Unleashing the Potential: Ease of living Using Technology' via video conferencing. The webinar will be led by the ministry of electronics and information technology (MeitY) and co-led by the department of promotion of industry and internal trade (DPIIT). It will involve discussions on the budget announcements pertaining to the theme and the specifics catering to MeitY, DPIIT, department of j...
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech
Source: IANS
28/02/2023 9:14:45 AM
Buy Mahindra and Mahindra Ltd For Target Rs. 1556 - Religare Broking High sales volume across segments backed by better product mix drove the growth   Record quarterly revenue led by strong volumes: M&M reported strong set of number with revenue at Rs 21,654 Cr, a significant growth of 41.1% YoY. The growth in revenue was driven by high demand for its new launches in SUV category while tractor category too witnessed robust demand. Amongst segments, Auto division revenue was reported at Rs 14,797 Cr, up by 53.3% YoY while Farm Equipment revenue w...
Buy Mahindra and Mahindra Ltd For Target Rs. 1556 - Religare Broking
Buy Mahindra and Mahindra Ltd For Target Rs. 1556 - Religare Broking
Source: Religare Broking
16/02/2023 1:55:47 PM
Add Mahindra and Mahindra Ltd For Target Rs.s 1,561 - Yes Securities Steady performance Valuation and View M&M (MM) 3QFY23 results were broadly in?line on operating front while higher other income at Rs6.7b (est Rs2.4b), lead to beat at Adj.PAT at Rs21.5b (est Rs16.3b). The key highlight of the quarter was continued increase in auto segment margins (EBIT) at 6.7% (+320bp YoY/ +70bp QoQ). This in a way achieved management target of ~300bp gains ahead of time. We reckon, margins to remain at an elevated level led by 1) price hikes and end of introducto...
Add Mahindra and Mahindra Ltd For Target Rs.s 1,561 - Yes Securities
Add Mahindra and Mahindra Ltd For Target Rs.s 1,561 - Yes Securities
Source: Yes Securities Ltd
13/02/2023 1:53:42 PM
Indian automaker Mahindra's Q3 profit rises 14.5% Indian automaker Mahindra and Mahindra Ltd reported a 14.5% rise in third-quarter profit on Friday, helped by strong demand for its passenger cars. Mahindra, which is known for XUV, Thar and Scorpio cars, said profit rose to 15.28 billion rupees ($185.2 million) in the three months ended Dec. 31, from 13.35 billion a year earlier. (This story has been corrected to remove reference to estimates as it is not immediately clear if they are comparable with results)   (Reporting by...
Indian automaker Mahindra's Q3 profit rises 14.5%
Indian automaker Mahindra's Q3 profit rises 14.5%
Source: Reuters
10/02/2023 1:46:59 PM
Darwinbox, Microsoft join hands to elevate employee experience HR tech unicorn Darwinbox and Microsoft on Tuesday announced a collaboration to empower organisations globally and redefine the future of work. DarwinBox also received investments from Microsoft as a strategic investor for an undisclosed sum. Darwinbox aims to elevate employee experience through its human capital management (HCM) software-as-a-service (SaaS) platform using Microsoft Azure Cloud and AI. "As we align on the joint vision of helping our customers unlock new levels o...
Darwinbox, Microsoft join hands to elevate employee experience
Darwinbox, Microsoft join hands to elevate employee experience
Source: IANS
17/01/2023 11:15:36 AM
Tech Stars : Buy Mahindra and Mahindra Ltd and Petronet LNG Ltd By Religare Broking Mahindra and Mahindra Ltd Buy Mahindra and Mahindra Ltd @ 1310-1320 CMP 1322.35 Stop Loss 1260 Target 1395   TECHNICAL RATIONALE – We have been seeing a mixed trend within the auto space and M&M looks set to resume the uptrend after spending nearly five months in a consolidation phase. The recent price action combined with surge in volumes in pointing towards a steady up move. We thus recommend creating fresh longs in the mentioned ran...
Tech Stars : Buy Mahindra and Mahindra Ltd and Petronet LNG Ltd By Religare Broking
Tech Stars : Buy Mahindra and Mahindra Ltd and Petronet LNG Ltd By Religare Broking
Source: Religare Broking Ltd
10/01/2023 11:39:49 AM