Business Standard

M&M hits new high; rallies 12% in three days on healthy demand prospects

While the outlook for tractors has improved, analysts expect the auto business to be the key growth driver over the next couple of years.

Thar 2020

SI Reporter Mumbai
Shares of Mahindra & Mahindra (M&M) hit a fresh record high of Rs 1,035.90, up 4 per cent on the BSE in Tuesday’s intra-day trade, after it surged 12 per cent in three days, on strong demand outlook.

Most of the brokerages retain ‘buy’ rating on M&M with target price in the range of Rs 1,150 to Rs 1,200 per share, amid healthy demand prospects across the company’s product profile and its focus towards capital efficiency and electric vehicle (EV) proactiveness.

M&M became the number one player in the SUV revenue market share in Q4 and H2FY22, whereas,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 31 2022 | 11:56 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to