ICICI Direct is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 680 in its research report dated November 11, 2019.
Kotak expects EBITDA margin to decline by 120 bps YoY in the September quarter due to negative operating leverage.
The stock gained 2 percent in previous session and jumped 15 percent in last one month.
The American automobile manufacturer could borrow Mahindra’s XUV500 and launch it as a rebranded Ford SUV.
The announcement was made at the ongoing Frankfurt Motor Show when it was confirmed that the three companies will jointly develop a high-performance electric vehicle platform.
With the declining sales figures of the auto industry, people have started to prefer leasing out cars instead of buying them outright.
The Thar was spotted in a hard-top form, which could suggest that Mahindra will offer the new Thar in different variants.
M&M started tapping the services space earlier this year, probably because it realized selling cars may not be enough to sustain growth. The Meru deal is a big leap in that front.
The Sensex ended 769.88 points lower at 36,562.91, while Nifty was down 225.40 points or 2.04% at 10,797.90.
The company's total tractor sales (domestic + exports) were down 17 percent at 14,817 units in August 2019, as against 17,785 units in August 2018
Prabhudas Lilladher recommended Hold rating on Mahindra and Mahindra with a target price of Rs 547 in its research report dated August 07, 2019.
Auto segment revenue fell 0.6 percent year-on-year to Rs 7,986 crore in Q1, with its EBIT declining sharply by 31.6 percent and margin contraction of 290bps YoY.
"With pick-ups being lower, we expect M&M's standalone revenues to dip 5.4 percent YoY / 9 percent QoQ," said Prabhudas Lilladher.
In an official unveiling tweet, Anand Mahindra had voiced his opinion about the luxurious Battista.
M&M in its BSE filing said passenger vehicle sales dropped 15 percent to 16,831 units and commercial vehicle sales fell 17 percent to 15,969 units compared to year-ago.
The program, called mood-o-meter, will nudge managers to have a conversation with an employee if he or she is feeling unhappy.
The investment firm slashed its target price to Rs 590 from Rs 690 per share
Commenting on the SIAM data Goenka said, "It is hard to predict what will happen in the next two to three months. However, we certainly hope this will not last very long."
The group sold 1.62 lakh Bolero Pickup range vehicles in FY-2019, compared to 1. 49 lakh in FY-2018, registering a nine percent growth.
The Bharat Stage VI (or BS-VI) emission norms would come into force from April 1, 2020 across the country. Currently, the vehicles sold in the country conform to BS-IV emission standards.
M&M management guided for single digit growth (5 percent) in tractors in FY20 and expects a decline in tractor industry in Q1