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    Buy Mahindra & Mahindra, target price Rs 792: HDFC Securities

    Synopsis

    Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 93848.61 Crore) operating in Auto sector.

    Agencies
    Promoters held 18.9 per cent stake in the company as of March 31, 2021, while FIIs held 44.7 per cent, DIIs 26.8 per cent and public and others 9.6 per cent.
    HDFC Securities has buy call on Mahindra & Mahindra with a target price of Rs 792. The current market price of Mahindra & Mahindra is Rs 755.1.

    Time period given by analyst is 10 days when Mahindra & Mahindra Ltd. price can reach defined target.
    Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 93848.61 Crore) operating in Auto sector.

    Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Sale of services, Other Operating Revenue for the year ending 31-Mar-2021.

    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 19368.16 Crore, down -11.04 % from last quarter Total Income of Rs 21770.81 Crore and up 17.24 % from last year same quarter Total Income of Rs 16520.12 Crore. Company reported net profit after tax of Rs -748.67 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 18.9 per cent stake in the company as of March 31, 2021, while FIIs held 44.7 per cent, DIIs 26.8 per cent and public and others 9.6 per cent.
    (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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