Sharekhan's research report on Mahindra and Mahindra
The company launched XUV 700 in Australia, in line with its global expansion strategy and aiming to expand in the domestic lightweight tractor market via Swaraj Target 630. The company enjoys an order book of 292K units due to robust demand for SUVs. The stock trades at a P/E multiple of 17.3x and EV/EBITDA multiple of 10.7x its FY2025 estimates.
Outlook
We reiterate our Buy rating on M&M with an unchanged PT of Rs. 1,550 on focus on consistent improvement in its operating performance, market share expansion via new launches and aim to attain scale in its operating areas.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
