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Buy Mahindra and Mahindra: target of Rs 1000: Sharekhan

Sharekhan is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 1000 in its research report dated May 28, 2021.

June 10, 2021 / 11:37 AM IST
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Sharekhan's research report on Mahindra and Mahindra

M&M’s Q4FY2021 results were slightly below expectations due to lower EBITDA margin than estimates. Adjusted standalone PAT grew strongly by 189.8% y-o-y to Rs. 935. We firmly believe M&M is on a right track with its roadmap for its automotive and farm equipment division. Moreover, M&M is expected to benefit from the turnaround of its loss-making subsidiaries and generate strong cash flows going forward. The stock is attractively valued at a P/E multiple of 16.6x and EV/EBITDA multiple of 9.2x its FY2023E estimates.


We retain our Buy rating on Mahindra and Mahindra (M&M) with an unchanged PT of Rs. 1,000, factoring positive outlook for its core businesses and improving fortunes of key subsidiary companies.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: May 31, 2021 01:39 pm

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