Page 8 - M&m

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

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

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

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

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 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

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.

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

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

In a first: Mahindra & Mahindra receives PLI eligibility certificate

Tata Motors files application for flagship Tiago EV

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

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

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

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

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

As VW prepares to launch ID.4 in India, a look at world's best-selling EVs

The electric crossover was unveiled globally in 2021. It was also a part of the 2020 Auto Expo

Former Jio-bp executive Kedar Apte to head M&M's global farm business

Apte comes from Jio-bp (a joint venture between Reliance & bp for mobility in India). He was working as the chief marketing officer at Jio-bp

Four months in waiting, Mahindra Thar to cost up to Rs 1.05 lakh more

The price for the base variant of the Mahindra Thar, which stands at Rs 13.49 lakh (all prices are ex-showroom), remains unchanged

Mahindra unit in Bangladesh winds up operations, ceases to exist

Mahindra & Mahindra on Tuesday said its wholly-owned unit Mahindra Bangladesh Pvt Ltd has ceased to exist. Mahindra Bangladesh Pvt Ltd (MBPL) convened the final extraordinary general meeting of its shareholders on March 14, 2023 and approved the final voluntary winding up, Mahindra & Mahindra (M&M) said in a statement. Hence, MBPL has been liquidated and has ceased to be in existence with effect from March 14, 2023, it added. MBPL had zero income from operations as on March 31, 2022. The net worth of MBPL, as on March 31, 2022 stood at Rs 3.18 crore, constituting 0.01 per cent of the consolidated net worth of the Mumbai-based auto major, M&M noted. The shareholders of MBPL, at a meeting held on September 14, 2022, had passed a resolution proposing winding up of the unit and appointment of a liquidator for completing the process of winding up. Thereafter, MBPL did not undertake any business operations. M&M had incorporated MBPL in 2019 to carry multiple activities, .