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Last Updated : Jun 16, 2020 09:36 PM IST | Source: Moneycontrol.com

Buy Mahindra and Mahindra; target of Rs 585: Motilal Oswal

Motilal Oswal is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 585 in its research report dated June 13, 2020.

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Motilal Oswal 's research report on Mahindra and Mahindra


Mahindra & Mahindra (MM)'s 4QFY20 performance beat was led by a better mix and lower RM cost. While MM's core business would recover faster, the focus on tightening capital allocation could act as a rerating catalyst.



Outlook


We upgrade FY21/FY22E EPS by 8%/2% to reflect an improving mix. An improving core business and possible course correction on capital allocation would drive stock performance as valuations are still cheap. Buy, with TP of ~INR585.





For all recommendations report, click here


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First Published on Jun 16, 2020 09:36 pm
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