Buy Mahindra & Mahindra, target price Rs 1080: HDFC Securities

Securities has buy call on Mahindra & Mahindra with a target price of Rs 1080. The current market price of Mahindra & Mahindra is Rs 1041.6. Time period given by analyst is Intra Day when Mahindra & . price can reach defined target.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 129609.04 Crore) operating in Auto sector.

Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Sale of services, Other Operating Revenue for the year ending 31-Mar-2021.


For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 26215.47 Crore, up 10.22 % from last quarter Total Income of Rs 23785.49 Crore and up 20.42 % from last year same quarter Total Income of Rs 21770.81 Crore. Company reported net profit after tax of Rs 2047.75 Crore in latest quarter.


Investment Rationale
Stock is placed above all important moving averages, indicating uptrend on all time frames.

Promoter/FII Holdings
Promoters held 19.47 per cent stake in the company as of 31-Mar-2022, while FIIs owned 42.59 per cent, DIIs 23.49 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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