Page 6 - M&m
The M&M-RBL Bank saga
Why M&M has invested in RBL Bank and what does the bank look like
 "The M&M-RBL Bank saga")
Aug auto sales: Maruti scales new high; M&M m-cap nears Rs 2 trillion
Maruti Suzuki (up 4% at Rs 10,390) and M&M (up 2% at Rs 1,604.55) hit their respective new highs, and rallied up to 9% in the past five days as compared to a less than 1% rise in the S&P BSE Sensex.
 "Aug auto sales: Maruti scales new high; M&M m-cap nears Rs 2 trillion")
M&M August sales up 19% overall, automaker reports 26% growth in SUVs
Farm equipment sales see 3% growth, while exports drop by 26% YoY; 3-wheeler sales up 47%
 "M&M August sales up 19% overall, automaker reports 26% growth in SUVs")
M&M gains 5% in 3 days, nears record high on margin improvement hopes
Analysts believe the auto segment is expected to drive its operating performance in the coming years due to increasing volumes going ahead
 "M&M gains 5% in 3 days, nears record high on margin improvement hopes")
Erratic monsoon may halt tractor stocks' rally in near-term: Analysts
Analysts believe the on-going rally across tractor stocks may face headwinds from spatial distribution of monsoon across the country, which could keep sentiments in check
 "Erratic monsoon may halt tractor stocks' rally in near-term: Analysts")
M&M jumps 3% as Q1 results impresses Street; brokerages remain bullish
In the recently concluded quarter, the company's consolidated revenue rose 19 per cent YoY to Rs 33,892 crore
 "M&M jumps 3% as Q1 results impresses Street; brokerages remain bullish")
Won't invest in RBL further unless it sees 'compelling value': M&M
M&M Board had approved a stake buy of up to 4.5 per cent in RBL Bank
 "Won't invest in RBL further unless it sees 'compelling value': M&M")
M&M Q1 PAT up 60% to Rs 3,508 cr on strong auto performance, revenue up 19%
The board has recommended a dividend of Rs 16.25 per share
 "M&M Q1 PAT up 60% to Rs 3,508 cr on strong auto performance, revenue up 19%")
Temasek Holdings funding drives M&M EV arm valuation to Rs 80,000 crore
Singapore investment firm to hold 1.49-2.97% stake in EV business
 "Temasek Holdings funding drives M&M EV arm valuation to Rs 80,000 crore")
Temasek to invest Rs 1,200 crore in Mahindra Electric via preference shares
With this, the company's valuation will rise 15 per cent from Rs 70,070 crore to Rs 80,580 crore
 "Temasek to invest Rs 1,200 crore in Mahindra Electric via preference shares")
M&M may dip 10% if fails to overcome Rs 1,500; RBL Bank may jump 15%
Technical charts of M&M shows weakness, while RBL Bank continues to remain resilient.
 "M&M may dip 10% if fails to overcome Rs 1,500; RBL Bank may jump 15%")
Stocks to Watch: Tech M, Axis Bank, Dr Reddy's, RVNL, M&M, RBL Bank, AMCs
Stocks to watch on July 27, 2023: The govt is going to sell up to a 3.4 per cent stake in Rail Vikas Nigam with an option to additionally sell 1.96 per cent stake via an OFS
 "Stocks to Watch: Tech M, Axis Bank, Dr Reddy's, RVNL, M&M, RBL Bank, AMCs")
Auto shares in fast lane; Tata Motors, M&M, Maruti Suzuki hit 52-week highs
M&M hit a record high of Rs 1,440.75, up 3 per cent on the BSE
 "Auto shares in fast lane; Tata Motors, M&M, Maruti Suzuki hit 52-week highs")
In a first: Mahindra & Mahindra receives PLI eligibility certificate
Tata Motors files application for flagship Tiago EV
 "In a first: Mahindra & Mahindra receives PLI eligibility certificate")
Stocks to watch: Adani Ports, NMDC, HDFC Life, Apollo Hospitals, PTC Inds
Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday's trading session
 "Stocks to watch: Adani Ports, NMDC, HDFC Life, Apollo Hospitals, PTC Inds")
Mahindra Q4 PAT at Rs 2,637 cr; FY23 profit rises 56% to Rs 10,282 cr
Mahindra & Mahindra on Friday said its consolidated profit after tax increased by 18 per cent to Rs 2,637 crore for the fourth quarter ended March 31, riding on the back of robust performance across automotive, farm equipment and financial services business verticals. The Mumbai-based company had reported a profit after tax (PAT) of Rs 2,237 crore in the January-March quarter of 2021-22 fiscal. Revenue increased to Rs 32,366 crore for the fourth quarter of FY23, as compared to Rs 25,934 crore in the year-ago period. For the year ended March 31, 2023, the company posted a consolidated PAT of Rs 10,282 crore, up 56 per cent, from Rs 6,577 crore in FY22. The company said the FY23 profit is the highest-ever profit reported by the company in a fiscal year. Revenue rose to Rs 1,21,269 crore last fiscal, as against Rs 90,171 crore in 2021-22 fiscal, an increase of 34 per cent. "It has been a blockbuster year for the group. Auto led the way with record-breaking launches, as we regained .
Maruti rolls out first Jimny out of Gurugram plant, deliveries next month
Maruti hopes to rival Mahindra Thar with its simple, practical and no-nonsense off-roader which is based on a ladder-frame chassis giving it a traditional SUV character
 "Maruti rolls out first Jimny out of Gurugram plant, deliveries next month")
TMS Ep425: Go First, M&M EV, aviation stocks, confidential IPO filing
What does Go First's demise mean for flyers? Can M&M catch up with Tata Motors in EV space? Will IndiGo, SpiceJet fly high as Go First goes off radar? What is confidential IPO filing? Answers here
 "TMS Ep425: Go First, M&M EV, aviation stocks, confidential IPO filing")
Looking for long-term partner for EV biz: M&M exec director & CEO Jejurikar
We had already re-engineered our ICE portfolio to meet the norms. We needed to sell a small number of EVs to meet the target for 2022-23, says Rajesh Jejurikar, executive director, M&M
 "Looking for long-term partner for EV biz: M&M exec director & CEO Jejurikar")
Mahindra can't build Scorpio fast enough; plans a boost in production
Data for February 2023 shows the waiting period is around 25-26 months for some high-in-demand variants of the Mahindra Scorpio
 "Mahindra can't build Scorpio fast enough; plans a boost in production")
