Mahindra & Mahindra is on a roll. The stock hit a fresh lifetime high of ₹3,303 this Wednesday. That’s not just a number—it’s a sign of how strong the auto giant is performing in the market.
The stock opened at ₹3,260 and was last seen trading near ₹3,273. In just 4 days, it has rallied nearly 2.85%. Even if it dipped a bit on delivery volume, the overall momentum looks solid.
Riding High on Momentum
Mahindra & Mahindra has been beating expectations lately. It has stayed above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. That shows clear support for the stock’s upward trend.
In simple words, this means traders and investors still trust the stock’s strength. Even with delivery volume dropping 24% compared to the 5-day average, the traded value remains high—at ₹34.96 crore.
Who’s Buying and Why
Yes, short-term traders may be jumping in. But the real deal is that Mahindra & Mahindra is still in demand. A total of 10.64 lakh shares were traded. This shows strong liquidity, with trade size touching ₹16.83 crore.
Its market cap now stands at ₹3.91 lakh crore. That’s massive. It makes M&M one of the top large-cap auto stocks in India right now.
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Motilal Oswal
They believe it was a weak quarter, but not without positives. Disbursements were low, and there were higher slippages. Yet, margins improved, and the future looks better.
- Rating: Buy
- Target Price: ₹310
- Outlook: 21% PAT CAGR from FY25 to FY27
Nuvama
This firm was more cautious. While M&M beat expectations in net interest income and profits, credit costs were higher than expected.
- Rating: Hold
- Target Price: ₹280
- Key Risks: Credit quality and loan growth
The Road Ahead for Mahindra & Mahindra
While some analysts are cautious, the mood in the market says otherwise. Investors are clearly excited about Mahindra & Mahindra’s future. Strong volumes, solid fundamentals, and market leadership make it a stock to watch.
If the trend continues, we might see the stock pushing even higher. But as always, watch out for credit costs and loan growth.
For now, Mahindra & Mahindra is cruising at full speed. And it doesn’t look like it’s stopping anytime soon.
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