HomeNewsBusinessStocksAccumulate Mahindra & Mahindra Ltd; target of Rs 1586: Arihant Capital

Accumulate Mahindra & Mahindra Ltd; target of Rs 1586: Arihant Capital

Arihant Capital is bullish on Mahindra & Mahindra Ltd has recommended Accumulate rating on the stock with a target price of Rs 1586 in its research report dated August 05, 2017

August 09, 2017 / 15:26 IST
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Arihant Capital's research report on Mahindra & Mahindra Ltd

Net Revenues stood at Rs. 11,780 crore an increase of 4.8 % YoY.1,12,293 vehicles were sold in domestic market, YoY growth of 1.2%. 81,270 tractors were sold in the domestic market, YoY growth of 13%.Total exports were 8031 units(Both Vehicles and tractors).

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Outlook

We have valued total investments (listed and unlisted) at Rs 391 per share, with a holding company discount of 30%. our sotp value for stock comes at Rs 1586 per share.