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Sell Mahindra & Mahindra, target Rs 1,205: Sagar Doshi

ETMarkets.com|
Sep 27, 2017, 12.40 PM IST
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Sagar Doshi of Edelweiss Financial Services has a sell call on Mahindra & Mahindra with a target price of Rs 1,205.

The current market price of Mahindra & Mahindra is Rs 1,246.30.

Time period given by the analyst is intraday when Mahindra & Mahindra price can reach defined target.

Sagar Doshi recommended to keep a stop loss at Rs 1,285.

Mahindra & Mahindra, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 77,396.50 Crore) operating in Auto sector.

Mahindra & Mahindra key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car which contributed Rs 45,964.65 Crore to Sales Value (97.59 per cent of Total Sales), Other Operating Revenue which contributed Rs 582.06 Crore to Sales Value (1.23 per cent of Total Sales), Sale of services which contributed Rs 462.48 Crore to Sales Value (0.98 per cent of Total Sales), Scrap which contributed Rs 86.85 Crore to Sales Value (0.18 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 11,575.71 Crore, up 4.05 per cent from last quarter Sales of Rs 11,125.15 Crore and up 6.22 per cent from last year same quarter Sales of Rs 10,898.08 Crore.

Company has reported net profit after tax of Rs 765.96 Crore in latest quarter.

The company's top management includes Dr.Pawan Goenka, Dr.Vishakha N Desai, Mr.Anand G Mahindra, Mr.Anupam Puri, Mr.Keshub Mahindra, Mr.M M Murugappan, Mr.Nadir B Godrej, Mr.R K Kulkarni, Mr.S B Mainak, Mr.T N Manoharan, Mr.Vikram Singh Mehta.

Company has Deloitte Haskins & Sells as its auditors.

As on 30-06-2017, the company has a total of 621,092,384 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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