M & m shares price: Automobile sector giant Mahindra & Mahindra (Mahindra & Mahindra) kept the consequences strong in the company’s third quarter due to strong demand for their sports utility vehicles and tractors. Rising agricultural income increased the demand for tractor for the company, while the strong sales of the Thar SUV coming with XUV 3xo and five-courts helped M&M deal with a challenging year for Indian car manufacturers. Meanwhile, the company has also increased its growth guidance from the last 5 percent to 7 percent for the tractor segment for FY 2025. The guidance upgradation was made due to expectations of increase in Q4 FY25 in the tractor industry.
On February 10, the company’s shares rose by 2 percent to a record high of Rs 3,270.95 from solid Q3 results and optimistic growth outlook. At 09.19 am, M&M shares were trading at Rs 3,244.10 on NSE.
The Scorpio SUV manufacturer recorded a profit of Rs 2,964 crore annually in the December quarter with an increase of 19 percent annually. It was Rs 2,490 crore in the same period last year. The auto company recorded a revenue of Rs 30,538 crore in Q3Fy25 with a 20 percent increase in the revenue, which was Rs 25,383 crore in Q3Fy24.
At a time when many other car manufacturers are struggling. Encouraged by the company’s stable earnings, Brokerage has maintained a fast vision for M&M.
Nomura retained its ‘purchase’ call on stock with a price target of Rs 3,681. He noted the company’s tractor segment and the upcoming BEV launch as prominent catalist. The CLSA analyst has given a ‘outperform’ rating to M&M with a price target of Rs 3,510, placing a strong growth possibilities for the company’s electric vehicle segment. The CLSA believes that while the new SUV models such as the XUV3 XO and Thar Rocks will increase market share for M&M, the increase in EV may affect margin.
McWery has also expressed similar views. The brokerage remains optimistic on EV traction keeping in mind the possible impact of EV deficit on the company’s overall auto margin in FY 2026. However, giving importance to the company’s strong EV possibilities, McCweri increased its target to Rs 3,643 for M&M. He has retained his ‘outperform’ call on the stock.
(Disclaimer: The ideas and investment advice on Moneycontrol.com have their own personal views and opinions. Moneycontrol advises users to consult certified experts before making any investment decisions.)