Motilal Oswal is bullish on Mahindra & Mahindra has recommended buy rating on the stock with a target price of Rs 1506 in its research report dated February 10, 2017.
Motilal Oswal's research report on Mahindra & Mahindra
We downgrade EPS estimates by 5-8% for FY17/18, to factor in for higher tax rate. The stock trades at 17.1x/14.3x FY18/FY19 consol EPS. Maintain Buy rating with a SOTP based TP of INR 1,506 (FY19 SOTP based).
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