At 10:55 AM, Mahindra & Mahindra share price was 2.86 per cent higher, at Rs 2,792, on the BSE. In comparison, the 30-stock BSE Sensex index was trading 175 points, or 0.24 per cent higher, at 74,620
Stocks to watch today: Mahindra and Mahindra has increased its market share to 43.8 pr cent in the domestic tractor market despite a challenging year
We are clearly seeing this macro trend play out over the last 15-20 years
M&M shares slipped 6 per cent to Rs 2,666.45 in intra-day trade, its sharpest fall since July 10, 2024, when the stock had plunged 7.8 per cent in intra-day deal, BSE data shows
The US tractor market has been witnessing a decline for the last 12-13 quarters, and as a result, the market size has become almost 50-60 per cent of what it was two years back, the company said
The M&M share price has jumped about 4.36 per cent in 2 days, including today's gain, on the back of strong Q3 results and outlook
At 6:36 AM, GIFT Nifty Futures were trading 47 points lower at 23,568, indicating a negative start for the Indian bourses
Growth takes root: Automaker cultivates volume momentum as farm and auto segments harvest gains
The company also posted a strong revenue growth of 17 per cent at Rs 41,470 crore
M&M is expected to report strong performance for Q3FY25, driven by solid growth across its automotive and tractor segments
Backed by the positive farm sector sentiment and better terms of trade, the tractor segment is expected to report healthy volume prints, according to analysts
Hero Moto, Tata Motors and Bharat Forge are the worst hit as shares trade at over 20% discount against the long-term moving average. Maruti, Bosch, Bajaj Auto stock could dip another 11%.
Stocks to Watch, Jan 9, 2025: From Tata Motors to Manappuram Finance, here are few stocks that will be on investors' radar today
Stocks to Watch, Jan 8, 2025: From Tata Steel to Dr. Reddy's Labs, here is a list of stocks that will remain in focus today
Stocks to Watch, Jan 3, 2025: From Avenue Supermarts to Tata Motors, here are few stocks that will be on investors' radar today
Eicher Motors said it has launched some category-defining motorcycles through the year and it is encouraging to see the response to its recently launched motorcycles both in India and int'l markets.
The budgetary allocation for this scheme is Rs 25,938 crore
According to sources, Tata Motors submitted an incentive claim of approximately Rs 142.13 crore based on determined sales in FY 2023-24
Mahindra Group is looking forward to the new year with hope and confidence, driven by its aspiration to achieve growth at scale, according to its CEO & Managing Director Anish Shah . In his new year message to employees of the group, Shah said over the past year the group has accelerated its growth trajectory and its businesses are on an ambitious growth path and are firing on all cylinders. "We look ahead with hope and confidence, driven by our aspiration to achieve growth at scale. We will continue to lead with purpose, to set audacious goals and work with discipline and determination to achieve them," he said. Reflecting on 2024, Shah said, "It has been an incredible year in all dimensions, our performance far surpassed our audacious goals." Crediting the team Mahindra for turning "challenges into opportunities and aspirations into aspirations", he said, "We span sectors that cover nearly 70 per cent of India's GDP, and we are establishing a meaningful presence in each of these
Technical charts show the Nifty Auto index can potentially rally another 10% to 26,180 levels; while select stocks such as M&M, Tata Motors and Ashok Leyland can surge up to 15%.