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Mahindra rides high on launching new CEV5 range of construction equipment at Bauma Conexpo Mahindra & Mahindra is currently trading at Rs. 3077.00, up by 8.90 points or 0.29% from its previous closing of Rs. 3068.10 on the BSE. The scrip opened at Rs. 3067.40 and has touched a high and low of Rs. 3086.85 and Rs. 3001.00 respectively. So far 48147 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1575.25 on 24-Jan-2024. Last one week high and low of the...
Mahindra rides high on launching new CEV5 range of construction equipment at Bauma Conexpo
Mahindra rides high on launching new CEV5 range of construction equipment at Bauma Conexpo
Source: Accord Fintech
2024-12-13 02:50:15 pm
After Hyundai, Mahindra hikes prices across SUV, CV range by up to 3 pc  Mahindra & Mahindra on Friday announced a price hike for its SUV and commercial vehicle (CV) range, effective from January next year.  The extent of the price increase across different SUVs and commercial vehicles will be up to 3 per cent, the automaker said in a statement. “This adjustment is in response to the rising costs due to inflation and increased commodity prices,” it added. Mahindra said it has made efforts to absorb as much of these additional co...
After Hyundai, Mahindra hikes prices across SUV, CV range by up to 3 pc
After Hyundai, Mahindra hikes prices across SUV, CV range by up to 3 pc
Source: IANS
2024-12-07 09:16:27 am
Buy Mahindra & Mahindra Ltd For Target Rs.3,325 By JM Financial Services Upping the ante with unveiling of Electric Origin SUVs M&M unveiled its Electric Origin SUVs, the BE 6e and XEV 9e, showcasing distinct designs under the "Heartcore Design" ethos. Both models are built on the scalable INGLO EV platform, powered by BYD’s blade cell technology and offering up to 682 km range with fast charging capabilities. Both these models are loaded with advanced tech (incl. AI) and offers hosts of modern and luxury features with an aim to set-up an in...
Buy Mahindra & Mahindra Ltd For Target Rs.3,325 By JM Financial Services
Buy Mahindra & Mahindra Ltd For Target Rs.3,325 By JM Financial Services
Source: JM Financial Services
2024-12-04 09:37:51 am
Buy Mahindra & Mahindra Ltd For Target Rs.3,632 by Yes Securities Ltd E SUVs – aspirational, disruptive yet affordable View – Continuing the ICE momentum of feature reach offerings M&M unveiled two born-electric SUVs (BE 6e and XEV9e) with an entry-level trims priced aggressive and are comparable to ICE models in the respective segments. As a result, we believe these launches will not only accelerate EV adoption in the PV but also can establish M&M as leading E PV brand. M&M’s indigenously designed INGLO platform is not only ...
Buy Mahindra & Mahindra Ltd For Target Rs.3,632 by Yes Securities Ltd
Buy Mahindra & Mahindra Ltd For Target Rs.3,632 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-12-03 12:24:28 pm
India passenger vehicle sales up 4 pc to 3.5 lakh units in Nov The passenger vehicle (PV) sales in India increased about 4 per cent (year-on-year) at 3,50,000 units in the month of November, data showed on Monday.  The total domestic PV wholesales stood at 335,954 units last month, driven by robust demand during the wedding season, increasing private consumption and SUV sales. If we look at the January-November period, PV sales stood at 39,80,000 units, 4.1 per cent higher than 38,21,000 units sold in the same 11-month period in 2023. In No...
India passenger vehicle sales up 4 pc to 3.5 lakh units in Nov
India passenger vehicle sales up 4 pc to 3.5 lakh units in Nov
Source: IANS
2024-12-02 03:57:38 pm
M&M gains as its Farm Equipment Sector reports 4% rise in November tractor sales Mahindra & Mahindra is currently trading at Rs. 2994.15, up by 25.20 points or 0.85% from its previous closing of Rs. 2968.95 on the BSE. The scrip opened at Rs. 3009.95 and has touched a high and low of Rs. 3009.95 and Rs. 2964.20 respectively. So far 53052 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1575.25 on 24-Jan-2024. Last one week high and low of th...
M&M gains as its Farm Equipment Sector reports 4% rise in November tractor sales
M&M gains as its Farm Equipment Sector reports 4% rise in November tractor sales
Source: Accord Fintech
2024-12-02 11:33:23 am
Buy Mahindra & Mahindra Ltd For Target Rs.3,382 By Geojit Financial Services Ltd Automotive business drives topline growth Mahindra & Mahindra Ltd (M&M) manufactures automobiles, farm equipment, automotive components and agricultural tractors, implements and engines. * In Q2FY25, consolidated revenue from operations rose 10.1% YoY to Rs. 37,924cr, driven by growth in the automotive and financial services segments. * The automotive segment’s revenue increased 15.3% YoY to Rs. 21,755cr, as total auto volume, including exports, grew 8.9% YoY ...
Buy Mahindra & Mahindra Ltd For Target Rs.3,382 By Geojit Financial Services Ltd
Buy Mahindra & Mahindra Ltd For Target Rs.3,382 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-11-27 05:41:27 pm
M&M gains on expanding electric vehicle portfolio with introduction of two all-new models Mahindra & Mahindra is currently trading at Rs. 3029.15, up by 41.30 points or 1.38% from its previous closing of Rs. 2987.85 on the BSE. The scrip opened at Rs. 3036.90 and has touched a high and low of Rs. 3070.00 and Rs. 2986.20 respectively. So far 83310 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1545.00 on 28-Nov-2023. Last one week high and low of th...
M&M gains on expanding electric vehicle portfolio with introduction of two all-new models
M&M gains on expanding electric vehicle portfolio with introduction of two all-new models
Source: Accord Fintech
2024-11-27 02:15:06 pm
Buy Mahindra & Mahindra Ltd For Target Rs.3,420 By Motilal Oswal Financial Services Ltd Segmental performance in line Tractor guidance raised to 6-7% (implies double-digit growth in 2H) * MM reported an in-line operating performance in 2QFY25. EBITDA margin expanded 150bp YoY to 14.3% (est. 13.5%). Farm equipment segment’s (FES) core PBIT margin stood at an impressive 18.7% (+120bp YoY) in a seasonally weak quarter, while auto segment sustained its margin at 9.5% despite the pricing intervention in XUV700. The management has raised its tractor growth guidance to 6-7%...
Buy Mahindra & Mahindra Ltd For Target Rs.3,420 By Motilal Oswal Financial Services Ltd
Buy Mahindra & Mahindra Ltd For Target Rs.3,420 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-24 09:49:56 am
Stock Picks : Mahindra&Mahindra Ltd and Divi`s Laboratories Ltd By ICICI Direct Mahindra&Mahindra Ltd Buy Mahindra&Mahindra Ltd @ 2836-2840 Target 2869.00 Stop Loss 2821.40   Divi’s Laboratories Ltd Buy Divi’s Laboratories Ltd @ 5878-5882 Target 5942.00 Stop Loss 2821.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Mahindra&Mahindra Ltd and Divi`s Laboratories Ltd By ICICI Direct
Stock Picks : Mahindra&Mahindra Ltd and Divi`s Laboratories Ltd By ICICI Direct
Source: ICICI Direct
2024-11-21 09:40:39 am
Buy Mahindra & Mahindra Ltd For Target Rs.3,262 By LKP Securities M&M’s net revenues increased by 13% yoy, driven by (1) 1% yoy increase in volumes and (2) 12% yoy increase in ASPs. M&M’s standalone Q2 FY25 EBITDA of ?39.5 bn (+29% yoy and -2% qoq), was slightly below street estimates due to higher-than-expected other expenses, partly offset by better gross margins. EBITDA margin came in at 14.3% (+140 bps yoy and -60 bps qoq). Gross margins declined by 50 bps on a qoq basis owing to lower mix of the tractor segment. Other expenses grew ...
Buy Mahindra & Mahindra Ltd For Target Rs.3,262 By LKP Securities
Buy Mahindra & Mahindra Ltd For Target Rs.3,262 By LKP Securities
Source: LKP Securities Ltd
2024-11-15 05:05:01 pm
Buy Mahindra & Mahindra Ltd For Target Rs.3,632 by Yes Securities Ltd Valuation and View – Healthy performance to continues M&M (MM) 2QFY25 operating performance was better as EBITDA margins expanded 150bp YoY (-50bp QoQ) at 14.3% (est 14.1%/ cons 13.8%). This was led by ~30bp expansion in Auto at 9.5% (despite price correction and Thar Roxx laucn) while FES margins expanded 150bp QoQ at 17.5% (benign RM, cost controls). MM indicated no impact on margins due to price cuts in XUV7OO. It maintained guidance of, 1) SUV - mid to high teens growth in FY...
Buy Mahindra & Mahindra Ltd For Target Rs.3,632 by Yes Securities Ltd
Buy Mahindra & Mahindra Ltd For Target Rs.3,632 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-13 03:07:15 pm
Buy Mahindra & Mahindra Ltd For Target Rs. 3,466 By Choice Broking Ltd In Q2FY25, M&M delivered a decent set of performance on a yearly basis backed by healthy growth in both the segments. Revenue for the quarter grew by 12.9% on YoY basis to Rs.275.5bn (vs CEBPL est. of Rs.273.7bn). Automotive business grew by 14.7% YoY to Rs.211bn and FES segment grew by 9.8% YoY to Rs.65bn. Margin during the quarter came at 14.2% (excluding investments from JV& Subsidiary) (+190bps YoY/-71bps QoQ) led by RM cost. EBITDA grew by (30.5% YoY/-2.9% QoQ) to Rs.39bn (vs CEB...
Buy Mahindra & Mahindra Ltd For Target Rs. 3,466 By Choice Broking Ltd
Buy Mahindra & Mahindra Ltd For Target Rs. 3,466 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-11-10 12:02:54 pm
Buy Mahindra & Mahindra Ltd For Target Rs. 3,325 By JM Financial Services Healthy Qtr; Tractors reviving; Auto momentum to moderate Mahindra & Mahindra (M&M) reported 2QFY25 EBITDA margin of 14.3% (+170bps YoY), slightly below JMFe. Festive retails (both Auto and Farm) grew in double-digits. And, the company has raised its FY25 domestic tractor industry vol. growth guidance to 6-7% (vs. 5% earlier). Rural sentiments have turned positive led by above-normal monsoon / reservoir levels. In the auto segment, gradual addition to SUV capacity and recent / new ...
Buy Mahindra & Mahindra Ltd For Target Rs. 3,325 By JM Financial Services
Buy Mahindra & Mahindra Ltd For Target Rs. 3,325 By JM Financial Services
Source: JM Financial Services Ltd
2024-11-08 03:53:09 pm
M&M gains on reporting 35% rise in consolidated net profit for Q2FY25 Mahindra & Mahindra is currently trading at Rs. 2903.70, up by 13.65 points or 0.47% from its previous closing of Rs. 2890.05 on the BSE. The scrip opened at Rs. 2923.95 and has touched a high and low of Rs. 2941.00 and Rs. 2850.70 respectively. So far 47059 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1,490.10 on 09-Nov-2023. Last one week high and low of t...
M&M gains on reporting 35% rise in consolidated net profit for Q2FY25
M&M gains on reporting 35% rise in consolidated net profit for Q2FY25
Source: Accord Fintech
2024-11-08 11:12:36 am
Mahindra & Mahindra Q2FY25 Result by Sagar Shetty, Research Analyst, StoxBox Below the Quote on Mahindra & Mahindra Q2FY25 Result by Sagar Shetty, Research Analyst, StoxBox   * Company’s standalone revenue recorded double-digit growth of 12.3% YoY and single-digit QoQ growth of 6.6%, totalling Rs. 28,919 crores, beating the market estimates of Rs. 27,063 crores. * The company recorded double-digit revenue growth # Revenue growth was driven largely by healthy volume sales during the quarter (the company outperformed the industr...
Mahindra & Mahindra Q2FY25 Result by Sagar Shetty, Research Analyst, StoxBox
Mahindra & Mahindra Q2FY25 Result by Sagar Shetty, Research Analyst, StoxBox
Source: StoxBox
2024-11-07 04:22:40 pm
Mahindra clocks 13 pc jump in Q2 net profit as SUV, tractor sales surge Auto major Mahindra and Mahindra (M&M) on Thursday reported a 13 per cent rise in its standalone net profit for the July-September quarter at Rs 3,841 crore, driven by higher sales of SUVs and a revival in the demand for tractors.  M&M said its automobile segment, which produces the popular Thar and Scorpio SUVs, recorded the highest-ever quarterly volumes at 2,31,038 units in the quarter, up 9 per cent over the same period of the previous year. The company’s trac...
Mahindra clocks 13 pc jump in Q2 net profit as SUV, tractor sales surge
Mahindra clocks 13 pc jump in Q2 net profit as SUV, tractor sales surge
Source: IANS
2024-11-07 01:58:23 pm
IIndia's Mahindra & Mahindra posts surprise rise in Q2 profit on higher SUV sales Indian automaker Mahindra & Mahindra reported a surprise rise in second-quarter profit on Thursday, helped by higher sales of its sport utility vehicles (SUV) and a recovery in tractor demand. The 'Scorpio' SUV maker's standalone profit after tax rose 13.2% to 38.41 billion rupees ($455.4 million). Analysts had estimated profit would dip 1.7% to 33.92 billion rupees, per data compiled by LSEG. Its consolidated profit, which includes its IT, financial services, and holida...
IIndia's Mahindra & Mahindra posts surprise rise in Q2 profit on higher SUV sales
IIndia's Mahindra & Mahindra posts surprise rise in Q2 profit on higher SUV sales
Source: Reuters
2024-11-07 12:35:00 pm
Mahindra Last Mile Mobility sells over 2 lakh commercial EVs to date Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra (M&M) on Tuesday said it has sold over 2 lakh commercial electric vehicles (EVs) to date.  More than 1 lakh EVs were sold by Mahindra in the last 17 months, supported by the launch of new technologically advanced products like Treo Plus, e-Alfa Plus and Mahindra ZEO. Mahindra holds a 41.2 per cent market share, as per SIAM data, across the L5 EV category. “Our collaborative, agile and ...
Mahindra Last Mile Mobility sells over 2 lakh commercial EVs to date
Mahindra Last Mile Mobility sells over 2 lakh commercial EVs to date
Source: IANS
2024-11-06 09:59:58 am
M&M inches up on reporting 20% growth in auto sales during October 2024 Mahindra & Mahindra is currently trading at Rs. 2884.50, up by 1.25 points or 0.04% from its previous closing of Rs. 2883.25 on the BSE. The scrip opened at Rs. 2860.80 and has touched a high and low of Rs. 2889.90 and Rs. 2850.00 respectively. So far 2724 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1474.00 on 06-Nov-2023. Last one week high and low of the ...
M&M inches up on reporting 20% growth in auto sales during October 2024
M&M inches up on reporting 20% growth in auto sales during October 2024
Source: Accord Fintech
2024-11-05 09:40:00 am
Mahindra & Mahindra gains on the BSE Mahindra & Mahindra is currently trading at Rs. 2850.95, up by 33.95 points or 1.21% from its previous closing of Rs. 2817.00 on the BSE. The scrip opened at Rs. 2814.95 and has touched a high and low of Rs. 2968.35 and Rs. 2814.00 respectively. So far 103107 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1,460.35 on 03-Nov-2023. Last one week high and low of ...
Mahindra & Mahindra gains on the BSE
Mahindra & Mahindra gains on the BSE
Source: Accord Fintech
2024-11-04 11:06:14 am
Surge in SUV sales revs up India`s auto sector in Oct A surge in SUV sales revved up India's car market during the festive month of October as consumers switched preference to upgraded models on the back of higher incomes in an expanding economy.   Mahindra & Mahindra, Kia Motors, Hyundai, and market leader Maruti Suzuki were among the companies that reported a surge in SUV sales during the month. "We are excited to have clocked the highest-ever SUV sales of 54,504 vehicles in October, a growth of 25 per cent and highest ...
Surge in SUV sales revs up India`s auto sector in Oct
Surge in SUV sales revs up India`s auto sector in Oct
Source: IANS
2024-11-02 10:37:14 am
Mahindra Auto records highest ever SUV sales in Oct, overall auto growth up 20 pc Leading domestic automobile manufacturer Mahindra & Mahindra Ltd on Friday said that its overall auto sales for the month of September stood at 96,648 vehicles, including exports, which is a 20 per cent year-on-year growth.  In the utility vehicles (SUV) segment, the automaker sold 54,504 vehicles in the domestic market, a growth of 25 per cent and overall, 55,571 vehicles, including exports. The domestic sales for commercial vehicles stood at 28,812, said the company. &ldqu...
Mahindra Auto records highest ever SUV sales in Oct, overall auto growth up 20 pc
Mahindra Auto records highest ever SUV sales in Oct, overall auto growth up 20 pc
Source: IANS
2024-11-01 11:27:18 am
Buy Mahindra & Mahindra Ltd For Target Rs.3,707 By Yes Securities Ltd In a sweet spot, upgrade to BUY View: Signs of recovery in tractors to aid healthy SUV momentum Key verticals of M&M (MM) - tractors and SUVs seem all set to fire in sync. Our checks across key regions reveal vastly improved agri sentiments led by multiple factors (favorable monsoon, better cash crop realization, and improved sowing YoY), which should collectively boost tractor volumes. We expect MM to maintain large part of recent market share gains, led by new launches in lightweight...
Buy Mahindra & Mahindra Ltd For Target Rs.3,707 By Yes Securities Ltd
Buy Mahindra & Mahindra Ltd For Target Rs.3,707 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-10-30 03:48:44 pm
M&M rises on inaugurating two state-of-the-art development test facilities Mahindra & Mahindra is currently trading at Rs. 2796.45, up by 5.95 points or 0.21% from its previous closing of Rs. 2790.50 on the BSE. The scrip opened at Rs. 2785.00 and has touched a high and low of Rs. 2821.40 and Rs. 2774.45 respectively. So far 11378 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1450.55 on 01-Nov-2023. Last one week high and low of the...
M&M rises on inaugurating two state-of-the-art development test facilities
M&M rises on inaugurating two state-of-the-art development test facilities
Source: Accord Fintech
2024-10-24 12:34:50 pm
Diwali pick 2024 By Choice Broking Ltd Nifty  * As we approach Diwali 2024, Nifty has experienced a healthy correction of 1,900 points, which equates to a 7.23% decline from its lifetime high. This pullback offers a strategic buying opportunity as the market sets up for a potential recovery. The current chart structure indicates the market is stabilizing, and the correction could be reaching its final phase, providing a favorable environment for long-term investors. * The ABC wave structure, as per Elliott Wave theory...
Diwali pick 2024 By Choice Broking Ltd
Diwali pick 2024 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-10-24 11:44:33 am
280 companies register 1.27 lakh internship offers under Prime Minister Internship Scheme About 280 companies participated in the PM Internship Scheme (PMIS) and offered 1.27 lakh internship opportunities, according to reports.  The Centre has now closed the onboarding window for corporates’ participation in the Scheme, which opened on October 3 for corporates to register their internship offerings.  However, the window for youth registration, which commenced on October 12 is expected to remain open until early November.  The scheme was announced in t...
280 companies register 1.27 lakh internship offers under Prime Minister Internship Scheme
280 companies register 1.27 lakh internship offers under Prime Minister Internship Scheme
Source: IANS
2024-10-23 11:40:34 am
M&M rises as its arm incorporates subsidiary in Thailand Mahindra & Mahindra is currently trading at Rs. 3173.80, up by 7.90 points or 0.25% from its previous closing of Rs. 3165.90 on the BSE. The scrip opened at Rs. 3199.95 and has touched a high and low of Rs. 3199.95 and Rs. 3151.30 respectively. So far 30305 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1450.55 on 01-Nov-2023. Last one week high and low of the...
M&M rises as its arm incorporates subsidiary in Thailand
M&M rises as its arm incorporates subsidiary in Thailand
Source: Accord Fintech
2024-10-09 12:21:55 pm
M&M rides high after its arm launches Mahindra ZEO Mahindra & Mahindra is currently trading at Rs. 3031.25, up by 14.20 points or 0.47% from its previous closing of Rs. 3017.05 on the BSE. The scrip opened at Rs. 3025.00 and has touched a high and low of Rs. 3047.85 and Rs. 2984.00 respectively. So far 67847 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1450.55 on 01-Nov-2023. Last one week high and low of th...
M&M rides high after its arm launches Mahindra ZEO
M&M rides high after its arm launches Mahindra ZEO
Source: Accord Fintech
2024-10-07 03:46:29 pm
M&M surges as its Farm Equipment Sector reports 2% rise in September tractor sales Mahindra & Mahindra is currently trading at Rs. 3140.15, up by 43.95 points or 1.42% from its previous closing of Rs. 3096.20 on the BSE. The scrip opened at Rs. 3118.45 and has touched a high and low of Rs. 3147.05 and Rs. 3096.25 respectively. So far 38717 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1450.55 on 01-Nov-2023. Last one week high and low of th...
M&M surges as its Farm Equipment Sector reports 2% rise in September tractor sales
M&M surges as its Farm Equipment Sector reports 2% rise in September tractor sales
Source: Accord Fintech
2024-10-01 11:32:37 am
M&M rides high on launching all-new Veero Mahindra & Mahindra is currently trading at Rs. 2772.20, up by 32.10 points or 1.17% from its previous closing of Rs. 2740.10 on the BSE. The scrip opened at Rs. 2738.00 and has touched a high and low of Rs. 2784.05 and Rs. 2737.80 respectively. So far 29489 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3013.95 on 18-Jun-2024 and a 52 week low of Rs. 1450.55 on 01-Nov-2023. Last one week high and low of th...
M&M rides high on launching all-new Veero
M&M rides high on launching all-new Veero
Source: Accord Fintech
2024-09-16 03:29:26 pm
Ford held talks with Indian state to restart production for exports, minister says Ford Motor has held talks with India's southern state of Tamil Nadu to explore producing vehicles for exports, Tamil Nadu's chief minister M.K. Stalin said on Wednesday. The U.S. automaker had stopped making cars in India three years ago after struggling to boost sales in a market dominated by Asian rivals. "Had a very engaging discussion with the team from Ford Motors. Explored the feasibility of renewing Ford's three decade partnership with Tamil Nadu, to again make i...
Ford held talks with Indian state to restart production for exports, minister says
Ford held talks with Indian state to restart production for exports, minister says
Source: Reuters
2024-09-11 11:55:23 am
Toyota, Maruti launch marketing drive for hybrids in key Indian state From Instagram ads to telesales, Japanese automakers Toyota and Maruti Suzuki are going all out to market their hybrid cars in the most populous Indian state of Uttar Pradesh, aiming to cash in on tax waivers that upset many of their rivals. The waivers have split India's auto industry, with Tata Motors, Mahindra and Mahindra and Hyundai arguing their sales of pure electric cars will suffer. Their lobbying to reverse the July decision failed last month and they now fear other states mi...
Toyota, Maruti launch marketing drive for hybrids in key Indian state
Toyota, Maruti launch marketing drive for hybrids in key Indian state
Source: Reuters
2024-09-03 05:34:00 pm
M&M inches up on reporting 9% rise in overall auto sales in August Mahindra & Mahindra is currently trading at Rs. 2784.05, up by 7.10 points or 0.26% from its previous closing of Rs. 2776.95 on the BSE. The scrip opened at Rs. 2777.15 and has touched a high and low of Rs. 2796.10 and Rs. 2777.15 respectively. So far 5351 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3013.95 on 18-Jun-2024 and a 52 week low of Rs. 1450.55 on 01-Nov-2023. Last one week high and low of the ...
M&M inches up on reporting 9% rise in overall auto sales in August
M&M inches up on reporting 9% rise in overall auto sales in August
Source: Accord Fintech
2024-09-03 10:38:34 am
Add Mahindra & Mahindra Ltd For Target Rs. 3,347 By Yes Securities View – Roxx should double up Thar portfolio volumes for M&M We believe, Thar Roxx launch comes as more practical offering while carrying the lifestyle offroader appeal of Thar 3 door. The product do offer clear distinction, Roxx to cannibalize Thar 3 door to some extent while will get additional customers from mid SUV segment given price overlap with better features on offer. MM continues to enjoy a strong order backlog of ~178k units (vs. ~220k units in 4QFY24) of which Thar is ...
Add Mahindra & Mahindra Ltd For Target Rs. 3,347 By Yes Securities
Add Mahindra & Mahindra Ltd For Target Rs. 3,347 By Yes Securities
Source: Yes Securities Ltd
2024-08-22 03:19:22 pm
Tech Mahindra, Google Cloud join hands to boost GenAI adoption  As AI adoption surges among Indian enterprises towards digital transformation, IT major Tech Mahindra and tech giant Google Cloud on Thursday announced a strategic partnership to boost generative AI (gen AI) adoption and lead digital transformation for various entities of Mahindra & Mahindra (M&M).  Tech Mahindra will leverage artificial intelligence (AI) and machine learning (ML) technologies to enhance various aspects of engineering, supply chain, pre-sales, and after-...
Tech Mahindra, Google Cloud join hands to boost GenAI adoption
Tech Mahindra, Google Cloud join hands to boost GenAI adoption
Source: IANS
2024-08-22 12:07:33 pm
Add Mahindra & Mahindra Ltd For Target Rs.3,404 By Yes Securities Valuation and View – New launches to drive outperformance in Auto M&M (MM) 1QFY25 operating performance was better as EBITDA margins came expanded 130bp YoY (+180bp QoQ) at 14.9% (est 13.9%/ cons 13.7%). This was led by ~50bp expansion in Auto at 9.5% (led by decline in RM, full quarter impact of price hikes) while FES margins expanded 270bp QoQ at 18.5% (benign RM, cost controls and operating leverage). MM indicated negligible impact on margins due to recent price cuts in XUV7OO...
Add Mahindra & Mahindra Ltd For Target Rs.3,404 By Yes Securities
Add Mahindra & Mahindra Ltd For Target Rs.3,404 By Yes Securities
Source: Yes Securities Ltd
2024-08-21 04:37:03 pm
Reduce Mahindra & Mahindra Ltd For Target Rs.3,005 By Choice Broking Ltd In Q1FY25, M&M delivered a decent set of performance on a quarterly basis backed by healthy growth in both the segments. Revenue for the quarter grew by 12% on YoY basis to Rs.270bn (vs CEBPL est. of Rs.294bn) which is lower than our estimates. Automotive business grew by 13% YoY to Rs.189bn and FES segment grew by 9% YoY to Rs.81.4bn. Margin during the quarter came at 14.9% (excluding investments from JV& Subsidiary) (+126bps YoY/+178bps QoQ) led by RM cost. EBITDA grew by (22.4% YoY...
Reduce Mahindra & Mahindra Ltd For Target Rs.3,005 By Choice Broking Ltd
Reduce Mahindra & Mahindra Ltd For Target Rs.3,005 By Choice Broking Ltd
Source: Choice Broking
2024-08-12 10:58:35 am
Exclusive-India's Mahindra seeks nod for $3 billion Shaanxi JV, sources say  Indian automaker Mahindra & Mahindra and China's Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi's approval, sources told Reuters. A majority stake in the proposed manufacturing venture will be owned by Mahindra, the sources said. The plant is proposed to be set up in Prime Minister Narendra Modi's home state of Gujarat, two sources with direct knowledge of the matter t...
Exclusive-India's Mahindra seeks nod for $3 billion Shaanxi JV, sources say
Exclusive-India's Mahindra seeks nod for $3 billion Shaanxi JV, sources say
Source: Reuters
2024-08-09 03:44:58 pm
Stock of the day : Mahindra And Mahindra Ltd For Target Rs. 105 - Religare Broking Mahindra And Mahindra Ltd * Auto pack has been underperforming the markets and M&M is also facing the heat. * The stock has given a breakdown from a trend reversal pattern after been in a steady up move for months. * It has slipped below its short-term moving averages suggesting weakness in trend. * We thus recommend creating shorts through the Put option.   Buy Mahindra And Mahindra Ltd CMP 71.70 Range 68-72 SL 55 Target&...
Stock of the day : Mahindra And Mahindra Ltd For Target Rs. 105 - Religare Broking
Stock of the day : Mahindra And Mahindra Ltd For Target Rs. 105 - Religare Broking
Source: Religare Broking
2024-08-09 10:37:01 am
Buy Mahindra & Mahindra Ltd For Target Rs.3,026 By Geojit Financial Services Ltd Revenue rises on higher automobiles volume Mahindra & Mahindra Ltd (M&M) manufactures automobiles, farm equipment, automotive components and agricultural tractors, implements and engines. * Consolidated net revenue from operation increased 9.8% YoY to Rs. 37,218cr driven by higher automobile volume. * EBITDA margin expanded 110bps YoY to 19.5% supported by improved operating efficiency. Adjusted PAT dropped 6.4% YoY to Rs. 3,283cr. * Sustained revenue growth, higher vol...
Buy Mahindra & Mahindra Ltd For Target Rs.3,026 By Geojit Financial Services Ltd
Buy Mahindra & Mahindra Ltd For Target Rs.3,026 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-08-08 12:26:34 pm
Buy Mahindra & Mahindra Ltd For Target Rs.3,175 By JM Financial Services Mahindra & Mahindra (M&M) reported 1QFY25 EBITDA margin of 14.9% (+130bps YoY), 90bps above JMFe. Domestic tractor industry is expected to grow by 5% during FY25. Positive monsoon forecast remains a key enabler. In the auto segment, gradual addition to SUV capacity (during FY25), high outstanding bookings (178k+ units) and new launches are expected to drive near-term sales growth momentum. Higher operating leverage and benign commodity costs are expected to support the margin performa...
Buy Mahindra & Mahindra Ltd For Target Rs.3,175 By JM Financial Services
Buy Mahindra & Mahindra Ltd For Target Rs.3,175 By JM Financial Services
Source: JM Financial Services
2024-08-05 04:50:27 pm
Buy Mahindra & Mahindra Ltd For Target Rs.3,257 By LKP Securities M&M reported decent Q1 FY25 numbers wherein the topline was reported at ?271 bn, a growth of 11.3% yoy and 6.7% qoq. Volumes rose by 11% yoy while realizations were 0.3% up yoy. Automotive division revenues came in at ?189 bn, an increase of 14% yoy led by success of Thar, Bolero, XUV & Scorpio families with ~178K order book. Automotive segment reported strong EBIT margins, which rose by 200 bps yoy and 70 bps qoq to 9.5% on positive operating leverage, stable commodity basket and mod...
Buy Mahindra & Mahindra Ltd For Target Rs.3,257 By LKP Securities
Buy Mahindra & Mahindra Ltd For Target Rs.3,257 By LKP Securities
Source: LKP securities Ltd
2024-08-02 05:48:18 pm
Stock Picks : Hindustan Unilever Ltd And Mahindra&Mahindra Ltd By ICICI Direct Hindustan Unilever Ltd Buy Hindustan Unilever Ltd @ 2695-2698 Target 2726.00 Stop Loss 2681.80   Mahindra & Mahindra Ltd  Sell Mahindra & Mahindra Ltd @ 2832-2835 Target 2802.00 Stop Loss 2850.20   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindustan Unilever Ltd And Mahindra&Mahindra Ltd By ICICI Direct
Stock Picks : Hindustan Unilever Ltd And Mahindra&Mahindra Ltd By ICICI Direct
Source: ICICI Direct
2024-08-02 10:45:17 am
Buy Mahindra & Mahindra Ltd For Target Rs. 3,300 By Motilal Oswal Financial Services Working to “Deliver Scale” Remains committed to delivering 15-20% EPS growth and 18% ROE Mahindra & Mahindra's (MM) annual report FY24 outlines its strategic focus on its journey to "Deliver Scale" across its businesses, categorized into three buckets. First, it aims to capitalize on market leadership in SUVs and tractors by expanding its market presence through customer-obsessed brands, pioneering technology leadership, and global reach. Second, the company i...
Buy Mahindra & Mahindra Ltd For Target Rs. 3,300 By Motilal Oswal Financial Services
Buy Mahindra & Mahindra Ltd For Target Rs. 3,300 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd Ltd
2024-08-01 05:30:01 pm
Mahindra & Mahindra posts 5 pc net profit drop in Q1, sales up on strong SUV demand Mahindra & Mahindra on Wednesday reported revenue growth of 11.2 per cent (year-on-year) at Rs 27,133 crore in the first quarter of FY25, while net profit fell 5 per cent to Rs 2,613 crore YoY.   The PAT, excluding gains on KG Mobility and MCIE sale, stood at Rs 2,120 crore, recording a growth of 23 per cent YoY, said the company. The company’s standalone EBITDA increased by 16 per cent to Rs 4,116 crore compared to Rs 3,551 crore posted in the same period last year. &...
Mahindra & Mahindra posts 5 pc net profit drop in Q1, sales up on strong SUV demand
Mahindra & Mahindra posts 5 pc net profit drop in Q1, sales up on strong SUV demand
Source: IANS
2024-08-01 09:26:28 am
Buy Mahindra & Mahindra Ltd For Target Rs.R3,300 By Motilal Oswal Financial Services Working to “Deliver Scale” Remains committed to delivering 15-20% EPS growth and 18% ROE Mahindra & Mahindra's (MM) annual report FY24 outlines its strategic focus on its journey to "Deliver Scale" across its businesses, categorized into three buckets. First, it aims to capitalize on market leadership in SUVs and tractors by expanding its market presence through customer-obsessed brands, pioneering technology leadership, and global reach. Second, the compan...
Buy Mahindra & Mahindra Ltd For Target Rs.R3,300 By Motilal Oswal Financial Services
Buy Mahindra & Mahindra Ltd For Target Rs.R3,300 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-07-31 03:40:19 pm
Mahindra & Mahindra gains despite reporting fall in Q1 consolidated net profit Mahindra & Mahindra is currently trading at Rs. 2926.00, up by 4.60 points or 0.16% from its previous closing of Rs. 2921.40 on the BSE. The scrip opened at Rs. 2943.75 and has touched a high and low of Rs. 2979.90 and Rs. 2873.90 respectively. So far 102165 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3013.95 on 18-Jun-2024 and a 52 week low of Rs. 1418.55 on 04-Aug-2023. Last one week high and low of th...
Mahindra & Mahindra gains despite reporting fall in Q1 consolidated net profit
Mahindra & Mahindra gains despite reporting fall in Q1 consolidated net profit
Source: Accord Fintech
2024-07-31 03:29:06 pm