Buy Mahindra & Mahindra Ltd. target Rs 925 : Sharekhan
Buy Mahindra & Mahindra for a price target of Rs 925.
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.