Motilal Oswal has issued a “buy” call for Mahindra & Mahindra Ltd. with a target price of Rs 1725. Currently, the stock is trading at Rs 1550.
Mahindra & Mahindra Ltd., a well-established player in the automotive sector, is classified as a Large Cap company with a market capitalization of Rs 193188.42 Crore.
The company’s key revenue segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, and Other Operating Revenue, along with the sale of services. In the quarter ending on June 30, 2023, Mahindra & Mahindra reported a consolidated total income of Rs 34698.68 Crore, reflecting a 5.63% increase compared to the previous quarter and a significant 21.20% increase compared to the same quarter last year. The company also reported a net profit after tax of Rs 3422.58 Crore in the latest quarter.
As of June 30, 2023, the promoters of Mahindra & Mahindra held a 19.37% stake in the company, while foreign institutional investors (FIIs) owned 40.14%, and domestic institutional investors (DIIs) held 26.82%.
Investors seeking guidance for their investment decisions may find Motilal Oswal’s “buy” recommendation and target price of Rs 1725 to be valuable information as they assess the potential investment in Mahindra & Mahindra.