Sudarshan Sukhani of s2analytics.com is of the view that one can sell M&M and buy Ashok Leyland, Colgate Palmolive and Divis Laboratories.
Under the agreement, teams from both companies will collaborate and work together for up to 3 years to leverage benefits of Ford's global reach and expertise and Mahindra's scale in India, the two companies said in a statement. "Any further strategic cooperation between the two companies will be decided at the end of that period," they added.
Mitessh Thakkar of miteshthacker.com
The company had sold 13,543 units in the same month last year, Mahindra and Mahindra said in a statement.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Container Corporation of India, Indian Oil Corporation, Essel Propack and Godrej Properties and sell Mahindra and Mahindra.
The car maker is back to the drawing board working on a slew of measures, including new launches and better product positioning, in its bid to regain lost ground in the utility vehicle segment.
According to Mitessh Thakkar of mitesshthakkar.com, one can buy Hero MotoCorp, Infosys and Tata Global Beverage and can sell Mahindra and Mahindra and Power Finance Corporation.
Mahindra and Mahindra holds 51 per cent stake in the Chinese JV through its wholly owned subsidiary Mahindra Overseas Investment Company (Mauritius) Limited.
Krish Subramanyam of Altamount Capital is of the view that one can buy 1,380 strike Put and also sell a 1,300 strike in M&M.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Mahindra and Mahindra and Coal India and buy Manappuram Finance while can hold Tech Mahindra.
In terms of ratio of his remuneration to that of the median remuneration of employees, it was 108.27, the report added.
Operating profit declined 2.9 percent year-on-year to Rs 1,454 crore and margin contracted by 110 basis points to 13.1 percent in the quarter ended June 2017.
Operating profit is likely to increase 6 percent to Rs 1,573 crore but margin may contract 20 basis points to 14 percent compared with same quarter last year due to higher material cost.
Amit Gupta of ICICIdirect recommends buying Mahindra and Mahindra 1420 Call and Vedanta 290 Call while Bosch may move beyond Rs 25,000.
According to Mehraboon Irani, Independent Market Expert, Maruti Suzuki and Eicher Motors are the top bets while M&M can be a dark horse.
"Upcoming RBI's monetary policy and ongoing June 2017 quarter earnings will drive the market sentiment this week," said Vijay Singhania, Founder-Director, Trade Smart Online.
Sources tell CNBC-TV18 that Mahindra and Mahindra (M&M) is all set to launch three new utility vehicles. Watch accompanying video of Uttkarsh Chaturvedi for exclusive details.
Technically, the trend is still intact as long as 9792 holds. The crucial support for the Nifty is at 9792-9720 and the resistance is at 9916-9969, says Prakash Gaba of prakashgaba.com.
Mahindra and Mahindra Managing Director Pawan Goenka said the team of Mahindra Automotive North America is working on an off-road utility vehicle that is expected to be launched in the US within this year.
Tech Mahindra will also double its local hiring in the country. IT major Tech Mahindra plans to hire around 2,200 people in the US this year, same as last year.
The Nifty too is chasing 10,000 level which is likely to act as stiff resistance for the index and market should cool off post the event, suggest experts. However, a major decline is not something which analysts’ see unless it gets triggered by a global event.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertiliser, Ramco System and Mahindra & Mahindra.
The company, which sells utility vehicles ranging from compact KUV100 to XUV500, also has plans to introduce a new electric vehicle in the next two years.
Car-maker Mahindra & Mahindra is coming to grips with the aftermath of the implementation of goods and services tax. And as the dust settles, indications are that the recovery will be a slow process. CNBC-TV18's Uttkarsh Chaturvedi and Areeb Sherwani report on how the company plans to speed up the process.
Electrification of most of the platforms will happen over a period of time consequent to both regulatory and other sustainability requirements, Rajan Wadhera, President-Auto, M&M.