Mahindra & Mahindra Ltd (M&M)

LKP Research Gives 'Buy' Rating on Mahindra & Mahindra - 18 May, 2024

Mahindra & Mahindra's Q4 FY24 results show a growth of 12.7% YoY in topline, led by success of Thar, Bolero, XUV & Scorpio families with ~220K order book. Automotive segment reported strong EBIT margins, which rose by 170 bps YoY and 50 bps QoQ to 8.8%. Tractor margins came at 15.8%, which was 30 bps up QoQ and lower 60 bps YoY. Overall EBITDA margins therefore came in higher at 14% (flattish QoQ and 160 bps up YoY). LKP Research gives a 'Buy' rating on the stock with a target price of Rs 2740.

Mahindra & Mahindra Stock Up After Strong Q4 Results - 17 May, 2024

M&M reports strong Q4 results, leading to multiple brokerages raising their target prices. The company plans to invest Rs 12,000 crore in its EV unit, Mahindra Electric Automobile Ltd. Management expects mid-to-high teens growth in the SUV segment backed by successful launches and high demand. Nearly 90% of analysts maintain a buy rating on the stock.

M&M Reports Strong Financials and Record Bookings - 16 May, 2024

Mahindra & Mahindra Ltd reported strong financial results for Q4FY24 and full year FY24, beating analyst estimates. The company also announced a significant investment in its electric vehicle unit and set a new record for bookings with its latest SUV offering.

Mahindra & Mahindra Ltd Stock Expected to Rise - 15 May, 2024

The stock has made a strong bullish candlestick on its daily timeframe charts, pushing the stock to close above its all-time high mark of 22,56.75. With the overall structure being positive and the stock trading well above its important moving averages, it appears that the stock should head towards 2,350 and above.

Mahindra Group Shares Prototype Pictures of India's First Electric Air Taxi - 13 May, 2024

Anand Mahindra, Chairman of the Mahindra Group, has shared prototype pictures of India's first electric air taxi. The two-seater aircraft promises seamless air travel for the masses with a maximum range of 200 km and an average speed of 200 km/h while cruising at a steady 160 km/h. The product aims to mitigate urban traffic congestion effectively.

Mahindra & Mahindra Ltd Q4 Results Disappoint - 08 May, 2024

Mahindra & Mahindra Ltd reported weak Q4 numbers, with concerns about systems and processes following a fraud at one of its branches. However, the company did report an improvement in asset quality and healthy AUM growth.

Mahindra & Mahindra Reports Q4 Results - 06 May, 2024

Mahindra & Mahindra Ltd reported an increase in Q4 income to Rs 4,280 crore from Rs 3,643 crore YoY, but PAT decreased slightly to Rs 671 crore from Rs 675 crore. Meanwhile, M&M Financial posted a Q4 net profit of Rs 619 crore and net interest income of Rs 1,918 crore.

Mahindra & Mahindra Stock Rises Alongside Auto Peers - 01 May, 2024

Mahindra & Mahindra's stock rose by over 3%, alongside other auto peers such as Tata Motors and Maruti Suzuki. The Sensex also saw gains, trading at 74,991 points, up by 320 points.

Mahindra Launches XUV 3XO, Aims to Strengthen Compact SUV Segment Presence - 30 Apr, 2024

Mahindra & Mahindra launched the XUV 3XO at an aggressive starting price of Rs 7.49 lakh, aiming to be among the top two players in the compact SUV segment. The launch helped improve M&M's share in the compact SUV space and strengthen its overall UV franchise. Analysts retained their buy call with a target price of Rs 2,200. M&M was among the top gainers on the Nifty 50 index.

FirstCry to Withdraw IPO Papers Backed by Mahindra & Mahindra - 26 Apr, 2024

Indian retailer FirstCry, backed by Mahindra & Mahindra, is set to withdraw its papers for an up to $500 million IPO after India's markets regulator raised questions over key metrics disclosed to investors.

Mahindra to Launch Advanced XUV3XO SUV; Bolero Neo Gets Low Safety Rating - 24 Apr, 2024

Mahindra is set to launch the XUV3XO SUV with a range of advanced features, while its Bolero Neo model received a low 1-star safety rating for both adult and child safety from GNCAP.

Fraud Discovery Delays M&M Finance's Q4 Board Meeting - 23 Apr, 2024

Mahindra & Mahindra Financial Services has postponed its scheduled board meeting to discuss Q4 results due to a fraud discovery involving forgery of KYC documents related to retail vehicle loans. The estimated financial impact is anticipated to be within Rs 150 crore.