M&M soars 33% from 52-week low on hopes of steady performance

Analysts expect strong volume outlook on the back of a robust order book in autos and new product launches across segments.

Shares of Mahindra & Mahindra (M&M) were up 1 per cent at Rs 892.30 on the BSE in Thursday’s intra-day trade. The stock has outperformed the market in past one month by surging 14 per cent on hopes of steady performance. In comparison, the S&P BSE Sensex was almost flat or up 0.35 per cent in past one month.

The stock of passenger cars & utility vehicles maker has bounced back 33 per cent from its 52-week low of Rs 671 touched on March 8, 2022. The stock had hit a 52-week high of Rs 978.90 on November 17,