Buy Mahindra & Mahindra, target price Rs 841: Motilal Oswal

Buy Mahindra & Mahindra, target price Rs 841: Motilal Oswal
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Synopsis

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 98100.32 Crore) operating in Auto sector.

Promoters held 18.9 per cent stake in the company as of June 30, 2020, while FIIs held 33.4 per cent, DIIs 28.5 per cent and public and others 19.2 per cent.

INSIGHTS

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Motilal Oswal has buy call on Mahindra & Mahindra with a target price of Rs 841. The current market price of Mahindra & Mahindra Ltd. is Rs 789.5.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 98100.32 Crore) operating in Auto sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 23566.75 Crore, up 44.39 % from last quarter Sales of Rs 16321.34 Crore and down -1.54 % from last year same quarter Sales of Rs 23935.93 Crore. Company reported net profit after tax of Rs -96.43 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 18.9 per cent stake in the company as of June 30, 2020, while FIIs held 33.4 per cent, DIIs 28.5 per cent and public and others 19.2 per cent.

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