Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Mahindra and Mahindra Ltd
  6. News
  7. Summary
    M&M   INE101A01026

MAHINDRA AND MAHINDRA LTD

(M&M)
  Report
Delayed NSE India Stock Exchange  -  05:52 2022-10-04 am EDT
1260.75 INR   +0.75%
01:40aINDIA STOCKS-Indian shares rise 2% as banks, metals surge
RE
12:12aIndian shares rise 2% on metals, bank boost
RE
09/30Metaverse : The Next Great Frontier To Be Explored By Businesses And Its Development In India
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

India shares close at near 4-month high as metals, autos gain

08/08/2022 | 07:01am EDT

BENGALURU, Aug 8 (Reuters) - Indian shares closed at a near four-month high on Monday, led by metals and automobile stocks, as cooling oil prices and strong buying from foreign investors lifted sentiment.

The NSE Nifty 50 index rose 0.73% at 17,525.10 and the S&P BSE Sensex climbed 0.8% to 58,853.07. The benchmark indexes closed at their highest since mid-April.

"Foreign institutional investors, who were missing from the action over the past few months, have once again started taking exposure to local equities, thus providing a major impetus to the markets," said Shrikant Chouhan, head of retail equity research at Kotak Securities.

Foreign investors have poured $1.79 billion into Indian equities so far this month, according to Refinitiv data.

Meanwhile, oil prices hovered near multi-month lows on Monday, as data pointed to a slow recovery in China's crude imports in July.

India, the world's third largest importer of oil, benefits from fall in crude prices as it brings down imported inflation.

In Mumbai trading, Nifty's auto index advanced more than 1%. Automaker Mahindra and Mahindra was one of the top performers on the Nifty 50, gaining 3.3%. Nifty metals index gained 1.3%

Among individual stock moves, Bharat Petroleum Corp was the top drag on Nifty, falling 3.2% after reporting a wider net loss in June quarter.

Shares of SpiceJet fell 4% after Reuters reported that private lenders IDFC First Bank, Yes Bank and state-owned Indian Bank have put their loans to the budget carrier in the high-risk category.

Additionally, investors were buoyed by the prospects of a 7.1% growth in Indian economy in FY2023 on the back of steady performances of services, manufacturing and the farm sectors, per a latest report by CareEdge.

Indian markets will be closed on Tuesday for a holiday.

Investors are awaiting data from U.S. on consumer prices due on Wednesday which will offer more clues on the pace of rate hikes by the Federal Reserve.

(Reporting by Rama Venkat and Nallur Sethuraman in Bengaluru;editing by Dhanya Ann Thoppil)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHARAT PETROLEUM CORPORATION LIMITED 0.91% 311.45 Delayed Quote.-19.89%
FIRST BANK 2.78% 14.05 Delayed Quote.-3.17%
FSN E-COMMERCE VENTURES LIMITED 0.01% 1305.55 Delayed Quote.-37.94%
IDFC FIRST BANK LIMITED -0.80% 49.35 End-of-day quote.2.07%
INDIAN BANK -3.84% 189.3 End-of-day quote.35.70%
LONDON BRENT OIL 1.21% 89.77 Delayed Quote.9.50%
MAHINDRA AND MAHINDRA LTD 0.70% 1260.75 Delayed Quote.49.48%
NIFTY 50 2.31% 17276.65 Delayed Quote.-1.50%
SENSEX BSE30 -1.11% 56788.81 Real-time Quote.-2.51%
SPICEJET LIMITED -2.31% 38.1 End-of-day quote.-44.05%
WTI 1.29% 84.359 Delayed Quote.8.90%
YES BANK LIMITED -1.60% 15.4 End-of-day quote.12.41%
All news about MAHINDRA AND MAHINDRA LTD
01:40aINDIA STOCKS-Indian shares rise 2% as banks, metals surge
RE
12:12aIndian shares rise 2% on metals, bank boost
RE
09/30Metaverse : The Next Great Frontier To Be Explored By Businesses And Its Development In In..
AQ
09/28Mahindra Logistics to acquire Rivigo's B2B express business
AQ
09/28Tata Motors launches $10,000 electric car in India to further its lead
RE
09/28Mahindra & Mahindra Completes Acquisition of 17.41% Stake in Swaraj Engines
MT
09/28Mahindra & Mahindra Sells Over 2% Stake in Associate Mahindra CIE
MT
09/27Indian shares tipped to open lower as recession risks loom
RE
09/27Mahindra & Mahindra Limited (NSEI:M&M) completed the a..
CI
09/26M&M Financial Services accepts bids for 10-year bonds - traders
RE
More news
Analyst Recommendations on MAHINDRA AND MAHINDRA LTD
More recommendations
Financials
Sales 2023 754 B 9 247 M 9 247 M
Net income 2023 64 070 M 786 M 786 M
Net cash 2023 66 460 M 815 M 815 M
P/E ratio 2023 23,3x
Yield 2023 1,02%
Capitalization 1 392 B 17 066 M 17 066 M
EV / Sales 2023 1,76x
EV / Sales 2024 1,50x
Nbr of Employees 260 000
Free-Float 67,4%
Chart MAHINDRA AND MAHINDRA LTD
Duration : Period :
Mahindra and Mahindra Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MAHINDRA AND MAHINDRA LTD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 1 251,35
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Anish Dilip Shah Chief Executive Officer, MD & Director
Manoj Bhat President & Group Chief Financial Officer
Anand Gopal Mahindra Executive Chairman
Mohit Kapoor Group Chief Technology Officer & Executive VP
Rucha Nanavati Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
MAHINDRA AND MAHINDRA LTD49.48%17 066
TOYOTA MOTOR CORPORATION-7.79%184 134
VOLKSWAGEN AG-28.76%74 652
MERCEDES-BENZ GROUP AG-21.60%55 770
GENERAL MOTORS COMPANY-43.94%47 926
FORD MOTOR COMPANY-46.08%46 112