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Buy Mahindra & Mahindra Ltd. target Rs 925 : Sharekhan

Buy Mahindra & Mahindra for a price target of Rs 925.

ETMarkets.com|
Apr 19, 2018, 09.39 AM IST
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Sharekhan has Buy on Mahindra & Mahindra with a target price of Rs 925. The current market price of Mahindra & Mahindra Ltd. is Rs 799.25.
Time period given by analyst is year when Mahindra & Mahindra Ltd. price can reach defined target.
Investment Rationale by SharekhanBoth Automotive and tractor division of M&M set to report double-digit volume growth in FY2019 after a gap of six years.
Projections of normal monsoon and positive rural sentiment will bring about strong traction in tractor segment.
Favourable macro-economic environment and strong product pipeline augurs well for automotive segment.
The brokerage house retains ‘buy’ rating with revised price target of 925. M&M is amongst their preferred picks in automotive space.
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