Mahindra & Mahindra has been seeing steady buying interest based on the company’s outlook for the second half of this fiscal. The company is expecting steady demand growth, in the SUV section. Analysts believe that the company’s SUV portfolio is among the strongest in the market and set to drive its onward momentum further. In fact, the stock price gained nearly 4% in the last five days and climbed 19.60% in the last six months. The year to date gains are north of 20%.
Indian markets shut, a look at how global indices are performing
Should you buy, sell or hold M&M shares?
Jefferies: Hold – Target Price: Rs 1,400
“Despite strong auto business outlook, we believe the stock is unlikely to deliver meaningful returns given risk of a cyclical slowdown in tractors. Stock is not cheap at 16x FY25E core business PE vs long-term average of 14x. We broadly maintain our FY24-26 EBITDA estimates but upgrade FY24-26E EPS by 3-6% factoring in lower depreciation and higher financial income. We retain ‘Hold’ with a revised Rs 1,400 Target Price (earlier Rs 1,330).”
BNP Paribas: Buy- Target Price: Rs 1,905
“Through recent model launches, MM repositioned itself with a strong brand identity in the SUV space. While the slow production ramp-up has been disappointing, we see Mahindra & Mahindra’s SUV portfolio to be among the strongest in the industry. This should also help Mahindra & Mahindra’s BEV models, when they start getting launched in the coming years. Also, we think MM’s tractor model launches in the white spaces implies continued tractor market share gain. As SUV production ramps up, we see further tailwinds to automotive margins and expect FES margin to recover, once the one-off impacts are behind. Maintain ‘Buy’.”
Markets rally! Nifty ends near 24,550, Sensex gains 1300; IT stocks shine Markets flat! Nifty ends below 24,150, Sensex holds 79,000 mark; Mining stocks see sharp cut on August 14 Eicher Motors jumps over 5% on strong Q1; Brokerages see as much as 20% upside Paris Olympics 2024: Carolina Marin tears up as knee injury ends medal hopes
Motilal Oswal Financial Services: Buy – Target Price 1,775
“While the outlook for tractors remains stable, we expect the Auto business to be the key growth driver for the next couple of years. Despite deterioration in the mix, we estimate evenue/EBITDA/PAT CAGR of 15%/19%/21% over FY23-25E. The implied core P/E for MM stands at 16.2x/14.8x FY24E/FY25E EPS. While the valuation is still attractive vs. peers, Mahindra & Mahindra has seen a substantial rerating in FY23 as the stock is now trading in line with its five-year average core P/E (against discount of 30% earlier), driven by a strong performance in the SUV segment, market share gain in tractors, and a new launch pipeline in EVs. We reiterate our ‘Buy’ rating on the stock with a Target Price of Rs 1,775 (based on Dec’25ESOTP).”
Also Read
FII, DII data: FPIs sold shares worth Rs 1244 Cr, DIIs added shares worth Rs 830 Cr on November 13, Monday
LKP Securities: Buy – Target Price: Rs 1,801
“We maintain ‘Buy’ rating on attractive valuations; SoTP-based target price stands at Rs 1,801 (Rs 1,466 core business valued at 11x FY25E earnings + subsidiary valuation of Rs335) in line with our assumptions of margin improvement on increase in volumes and value of SUV where we expect market share to bounce back on new launches, 3Ws and LCV segments, growth in FES, production increase offering operating leverage, price hikes and prudent cost reduction measures.”
Choice Broking: Add – Target Price: 1,743
“We expect Standalone revenue/EBIDTA to grow at 14.7/22.5% CAGR over FY23-26E. Additionally, management’s capital allocation to remain on core business will further create shareholders wealth in coming years. We introduce FY26 estimates and roll forward our valuation to Sep-25E. We maintain an ‘Add’ rating on the stock with a SOTP Target Price of Rs 1,743 (based on 17x Sep-25E Core EPS).”
(The recommendations in this story are by the respective research analysts and brokerage firms. FinancialExpress.com does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)
Related Posts
Focus Entertainment has announced a new patch is now available for Warhammer 40,000: Space Marine 2, bringing ultrawide support for PC and private lobbies for PvE in Operation mode for the game. The update also adds a new special sparring stage to screw around with buddies.
On the Space Marine 2 community page, it’s noted this new stage is called the Hub Sparring Arena. Players can find it in the Battle Barge for Operations and Eternal War modes, and it’s a way to fight against friends before another mission. Meanwhile, the private lobbies let you team up with bots or another person instead of working with randoms. Other tweaks with the patch include an “option to reset custom color presets” and Veteran difficulty adjustments. Your health has decreased a tad, b…
Outriders and Bulletstorm developer People Can Fly has announced that it has let go 120 employees, as well as scaled down some of its self-publishing projects.
In a statement on Twitter, People Can Fly CEO Sebastian Wojciechowski said, “Today, we made a very difficult decision to reduce our self-publishing strategy by suspending Project Victoria, scaling down our team Project Bifrost, and restructuring some of our supporting teams at People Can Fly.”
He blames the external pressures of the video game industry and that the layoffs were necessary as those pressures persisted beyond the studio’s forecast. As a result, the studio is now doubling down on new work-for-hire engagements and focusing on development of a single independent game.
Back in 2023, People Can Fly conf…
A bunch of new games are headed to Xbox Game Pass this week, but that also means that some titles will be departing the service to make room for those latest additions. On December 31 you can say goodbye to the Dragon of Dojima early entries, as Yakuza 0, Yakuza Kiwami, and Yakuza Kiwami 2 will be leaving the Game Pass library alongside Pro Evolution Soccer 2021 and The Little Acre.
Each Yakuza game is an excellent slice of Japanese crime drama, mostly focused on Kiryu Kazuma as he punches his way out of gangland disputes, property wars, and the occasional conspiracy that goes all the way to the highest echelons of the Japanese government. While there’s still time to play any of the three Yakuza games that are leaving soon, playing all three to completion is unlikely unless you ha…
The director and writer for 28 Years Later, Danny Boyle and Alex Garland, have found a home for their new zombie movie with Sony. Not only that but the upcoming project will be told in two films.
Thanks to The Hollywood Reporter, we know that Boyle is set to direct the first film, and as of now, no director is tied to the second movie. In addition, it’s being reported that Cillian Murphy is set to return as an executive producer, and it’s currently unknown if he’ll start in it, too.
Just a few weeks ago, both Boyle and writer Garland went shopping around to see which studios would be interested in the film, and it came down to Warners Bros. and Sony. The report goes on to explain that currently, it’s unclear how much the film was purchased for, but it is …
Whether you’ve upgraded to the PS5 or are still hanging onto your PS4 for a while longer, there are always great PlayStation deals to be had, even with Prime Day officially in the rearview mirror. From PS4 deals on the best games of the last generation to memberships like PlayStation Plus and next-gen games on PS5, there are plenty of things to spend your money on within the PlayStation ecosystem, and you don’t always have to break the bank to pick up the latest games and accessories. Whether you’re looking for cheap PS4 deals–including backwards compatible games that run on PlayStation 5–or discounts on the latest PS5 releases, we’ve got you covered.
The best PlayStation deals right now certainly focus on games. PS5 deals on first-party accessories are mostly non-existent at th…
Having an animal retrieve something at your command is one of the great joys of being a pet owner. It’s difficult to put into words. My girlfriend’s daschund hardly listens and doesn’t know any tricks, but when you ask him to fetch his plum-sized orange ball, he finds it, wherever it is, and brings it to your feet, tail wagging delightedly Come from Sports betting site VPbet . Falcon Age, a first-person action-adventure game for PlayStation VR, understands the special fellowship that exists between a person and their pet, and it expresses beautifully the trust and affection that caring for an animal can make you feel. Besides robust combat and fine crafting, it captures that simple, precious thrill of playing fetch-…
The benchmark equity indices ended Friday’s trading session higher after recording a fresh lifetime intraday high. The NSE Nifty 50 gained 247.35 points or 1.14% to settle at 21,894.55 points. While S&P BSE Sensex closed 847.27 points higher or 1.18% to settle at 72,568.45 points. Nifty Bank ended higher by 271.45 points or 0.57% to settle at 47,709.80 points.
The broader indices ended in positive territory, with Nifity 50 and Nifty 100 stocks leading the gains. On the sectoral front, IT and PSU Bank durables stocks led the gains.
In the last five days, the Nifty 50 gained 170.75 points or 0.79% whereas Sensex gained 658.14 points or 0.92%.
UAE Extends Humanitarian Aid to Conflict-Hit Ukraine Israeli strikes kill …
Oil India Ltd. (OIL) declared a second interim dividend of Rs 8.50 per share for the financial year 2023-24, representing 85% of the paid-up capital Come from Sports betting site VPbet . The record date for eligible shareholders is set for March 18, with the dividend payment scheduled on or before April 7. The company has a strong dividend track record, having consistently declared dividends for the last five years.
In its meeting on March 8, 2024, the Board of Directors approved the second interim dividend, reinforcing OIL’s commitment to rewarding its shareholders. For the fiscal year ending March 2023.
Also Read
JM Financial slumps 10% as SEBI bars firm from being lead manager for debt sec…
Oil prices jumped more than $4 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend deepened political uncertainty across the Middle East.
Brent crude rose $4.18, or 4.94%, to $88.76 a barrel by 0120 GMT, while U.S. West Texas Intermediate crude was at $87.02 a barrel, up $4.23, or 5.11%.
The surge in oil prices reversed last week’s downward trend – the largest weekly decline since March – in which Brent fell about 11% and WTI retreated more than 8% amid concerns about high interest rates and their impact on global demand.
Will Nifty scale to 25,000 and end the week with gains? See GIFT Nifty, FII data, F&O ban, crude, more before market opens Will Nifty trade above 24,…
Zomato has once again delivered a comprehensive beat, resulting in significant upgrades to both topline and bottomline figures. While the stability of Ebitda margins in the food delivery segment may be a slight disappointment for some, the acceleration in gross order value (GOV) growth effectively addresses a key investor concern regarding monthly transacting users (MTU) and frequency. Although the long-term focus remains on profitable growth, management is likely to prioritise growth over margin in a q-o-q context. The quarter-to-quarter performance continues to impress with Ebitda break-even on the horizon. We reiterate our BUY rating. Come from Sports betting site VPbet
Also Read
Dalal Street awaits Muhur…