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    M&M   INE101A01026

MAHINDRA AND MAHINDRA LTD

(M&M)
  Report
Delayed NSE India Stock Exchange  -  07:25 2022-10-03 am EDT
1251.35 INR   -1.33%
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India's NSE ends at four-month high, auto stocks drive gains

08/16/2022 | 06:38am EDT

BENGALURU, Aug 16 (Reuters) - Indian shares ended higher on Tuesday, boosted by auto stocks, with the NSE Nifty 50 index posting its highest level since April 5 at close.

The NSE Nifty 50 index gained 0.7% to end at 17,825.25. The S&P BSE Sensex closed up 0.6% at 59,842.21.

The Nifty Auto index hit a record high with its 2.6% gain.

Mahindra and Mahindra Ltd gained, a day after the automaker and Volkswagen AG announced the expansion of their MEB alliance to accelerate electrification of the Indian auto market.

Refinitiv Eikon data showed 22 of the 43 companies listed on the Nifty 50 index beat analysts' expectations for results in the June-quarter. Nearly all Indian companies had reported their results by Friday.

Strong June-quarter results drove shares of Hero MotoCorp and Life Insurance Corporation of India, which ended up 2% and 2.3% respectively.

Adani Ports and Special Economic Zone was the top percentage gainer on the Nifty 50, after its unit agreed to buy inland container depot in western India from Navkar Corp Ltd .

Cooling consumer inflation print lifted sentiment in financial markets alongside expectations the central bank was likely to rein in the pace of its policy rate hikes from next month.

Analysts expect the second half of the year to improve for Indian firms, led by softening commodity prices that are expected to ease the pressure on margins.

India's currency and debt markets remained closed on Tuesday for a holiday. (Reporting by Tanvi Mehta and Gaurav Dogra in Bengaluru; Editing by Subhranshu Sahu and Neha Arora)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED -4.42% 784.4 Delayed Quote.12.37%
HERO MOTOCORP LIMITED 0.63% 2550.1 End-of-day quote.3.61%
LIFE INSURANCE CORPORATION OF INDIA -0.17% 620.6 Delayed Quote.0.00%
MAHINDRA AND MAHINDRA LTD -1.33% 1251.35 Delayed Quote.51.49%
NAVKAR CORPORATION LIMITED 0.89% 56.65 End-of-day quote.33.61%
NIFTY 50 -1.21% 16887.35 Delayed Quote.-1.50%
SENSEX BSE30 -1.11% 56788.81 Real-time Quote.-1.42%
VOLKSWAGEN AG -1.06% 124.94 Delayed Quote.-28.78%
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Analyst Recommendations on MAHINDRA AND MAHINDRA LTD
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Financials
Sales 2023 754 B 9 266 M 9 266 M
Net income 2023 64 070 M 787 M 787 M
Net cash 2023 66 460 M 817 M 817 M
P/E ratio 2023 23,6x
Yield 2023 1,01%
Capitalization 1 410 B 17 332 M 17 332 M
EV / Sales 2023 1,78x
EV / Sales 2024 1,52x
Nbr of Employees 260 000
Free-Float 67,4%
Chart MAHINDRA AND MAHINDRA LTD
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Mahindra and Mahindra Ltd Technical Analysis Chart | MarketScreener
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Technical analysis trends MAHINDRA AND MAHINDRA LTD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 1 268,20
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Anish Dilip Shah Chief Executive Officer, MD & Director
Manoj Bhat President & Group Chief Financial Officer
Anand Gopal Mahindra Executive Chairman
Mohit Kapoor Group Chief Technology Officer & Executive VP
Rucha Nanavati Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
MAHINDRA AND MAHINDRA LTD51.49%17 332
TOYOTA MOTOR CORPORATION-10.90%177 472
VOLKSWAGEN AG-28.78%74 359
MERCEDES-BENZ GROUP AG-22.55%54 919
GENERAL MOTORS COMPANY-45.27%46 789
FORD MOTOR COMPANY-46.08%45 027