Prabhudas Lilladher, a prominent financial institution, has issued a buy recommendation for Mahindra & Mahindra Ltd., setting a target price of Rs 1775. As of the most recent market data, Mahindra & Mahindra Ltd. is trading at a current market price of Rs 1537.6.
Mahindra & Mahindra Ltd., a stalwart in the Auto sector, was established in the year 1945. It operates as a Large Cap company with a substantial market capitalization of Rs 190,564.58 Crore.
Mahindra & Mahindra Ltd.’s key Products/Revenue Segments encompass a wide array, including Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, and various other revenue streams, including the sale of services, for the financial year concluding on March 31, 2023.
In the financial quarter ending on June 30, 2023, Mahindra & Mahindra reported a Consolidated Total Income of Rs 34,698.68 Crore. This figure represents a noteworthy increase of 5.63% compared to the Total Income of Rs 32,849.56 Crore in the previous quarter and a significant surge of 21.20% compared to the Total Income of Rs 28,628.39 Crore during the same quarter in the previous year. Furthermore, the company achieved a net profit after tax amounting to Rs 3,422.58 Crore during the latest quarter.
As of June 30, 2023, the promoter’s stake in Mahindra & Mahindra stood at 19.37%, while FIIs (Foreign Institutional Investors) held 40.14%, and DIIs (Domestic Institutional Investors) owned 26.82% of the company.
Prabhudas Lilladher’s buy recommendation for Mahindra & Mahindra suggests a positive outlook on the company’s stock, indicating potential opportunities for growth that investors may consider.
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