Mahindra & Mahindra Ltd News

Oldest Indian billionaire, champion of education: Who was Keshub Mahindra?_67104

Keshub Mahindra passed away on April 12 at the age of 99

Analysts bullish on auto stocks amid govt. measures on fuel, steel price_65894

At the operational level, Nomura sees margin benefit for companies in the backdrop of a cut in steel prices

Auto stocks buck downbeat market trend in May; charts suggest further gains_65940

Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.

Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%_65505

Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.

Truck, bus sales by top-5 manufacturers up 64% to 65,540 units in April_59390

Though growth was seen across segments, big sales push came from small CVs used for last-mile delivery as demand from e-commerce firms remained strong

NTPC, M&M, BPCL: 5 Nifty50 stocks that can rally up to 30% in coming days_55881

NTPC, Adani Ports, Coal India, M&M and BPCL can rise higher, indicates technical charts

M&M soars 33% from 52-week low on hopes of steady performance_55486

Analysts expect strong volume outlook on the back of a robust order book in autos and new product launches across segments.

Stocks to Watch: Banks, Asian Granito, M&M, Tata Steel, Telecom, SWRE_51786

Rate sensitive related shares such as auto, banks, NBFCs and realty are likely to be in limelight owing to the RBI policy on Friday.

Inflation woes! Rate sensitive indices slump 5%; 18 stocks hit 52-week lows_40427

Nifty Auto, Nifty Realty, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indices were down in the range of 4 per cent to 5 per cent on the NSE.

War fallout! M&M, TaMo, Ashok Leyland can fall up to 12% on chip shortage_39701

The Nifty Auto index has broken key support levels, and looks weak on the weekly charts indicating a downside of 5 per cent.

Stocks to Watch: RIL, Zomato, M&M, Hindalco, Bharat Forge, MRF, Hero Moto_30669

Apollo Hospitals, Ashok Leyland, Bajaj Hindusthan, Divis Labs, Fortis Healthcare, Glenmark, Godrej Industries, IDFC, India Cements, Jet Airways, PFC, Shree Renuka Sugars, Star Health and Voltas to ann

Mahindra's Q3 net rises over two-fold on strong operational performance_30416

M&M's tractor volumes during the quarter declined to 91,769 units over 100,696 units in the same period a year ago

M&M reports over two-fold increase in Q3 PAT at Rs 1,353 cr_30140

Homegrown auto major Mahindra & Mahindra (M&M) on Thursday reported over two-fold increase in its standalone profit after tax (PAT) at Rs 1,353 crore for the quarter ended December 31, 2021. The Mumbai-based company had posted a standalone PAT of Rs 531 crore in the October-December period of previous fiscal. Revenue for the third quarter rose by 8 per cent to Rs 15,239 crore, as against Rs 14,057 crore in the year-ago period, M&M said in a regulatory filing. The company said it sold 1,18,174 vehicles during the period under review, down 2 per cent from 1,21,133 units in the third quarter of last fiscal. M&M tractor sales declined by 9 per cent to 91,769 units in the third quarter, as against 1,00,696 units in the year-ago period. On a consolidated basis, the Mahindra Group reported a PAT of Rs 1,987 crore, as compared to Rs 1,268 crore in the Q3 of 2020-21. Revenue rose to Rs 23,594 crore in the third quarter, as against Rs 21,626 crore in the year-ago period. "We ...

Mahindra Lifespace rallies 20% on plan to buy land parcel from M&M_30188

M&M said it will not have any impact on the operations of the company as no operations of the Auto and Farm Sectors are carried out on the land being sold.

Mahindra & Mahindra total sales increase 20% in January_26069

Mahindra & Mahindra (M&M) on Tuesday said its total sales increased by 19.55 per cent to 46,804 units in January 2022. The company's total sales stood at 39,149 units in January 2021. The Mumbai-based auto major's passenger vehicle sales in the domestic market stood at 19,964 units last month as against 20,634 units in January last year. Commercial vehicles sales increased to 23,979 units last month as compared with 16,229 units in January 2021. The company said its exports last month stood at 2,861 units as against 2,286 units in the same month last year. "We continued our growth trajectory with an overall growth of 20 per cent in January 2022...We continue to closely monitor the semi-conductor related parts issue and take corrective action as appropriate," M&M Automotive Division CEO Veejay Nakra said in a statement.

M&M top brass promises urgent remedial action in farmer humiliation row_23235

Top brass of Mahindra & Mahindra Ltd on Tuesday promised urgent remedial action a day after it emerged that a farmer, who came to buy a pick-up truck of the company, was allegedly insulted by a sales staff at a showroom in Karnataka. A video of the incident that took place at Tumkur in Karnataka went viral wherein the farmer claimed that he had been told that he probably didn't even have "Rs 10 in his pocket" by a sales staff when he went to buy a Bolero pick-up truck, which "costs Rs 10 lakh". Reacting to social media posts, M&M Chairman Anand Mahindra said in a tweet, "The Core Purpose of @MahindraRise is to enable our communities & all stakeholders to Rise. And a key Core Value is to uphold the Dignity of the Individual. Any aberration from this philosophy will be addressed with great urgency." Similarly, M&M Managing Director and CEO Anish Shah also took to social media to announce that the company is dealing with the issue with urgency. "Customer centricity and ...

Bharti Airtel, L&T, M&M among top trading bets ahead of Budget 2022_20234

Major stocks have broken out on upside, any trigger in Budget 2022 could see sharp up move

South Korea's SsangYong Motor sold for $255 mn to local consortium_16990

SsangYong has been under court receivership since April in an attempt to rehabilitate the carmaker after majority owner M&M failed to secure a buyer

Tata Motors, Eicher, Maruti: Will auto shares breakout for bigger gains?_14295

Automobile shares may breakout after crossing significant resistances

Volume revival in utility vehicles, valuations positive for Mahindra_6174

Margin recovery in UVs, prudent capital allocation should help improve return ratios