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M&M Share Price Target: Shares of automobile major Mahindra & Mahindra Ltd (M&M) could rally over Rs 900 from current levels, according to brokerage firm Nuvama. The brokerage has reiterated its positive stance on the stock, sharing detailed analysis along with its price target and investment recommendation.
M&M, a constituent of the BSE Sensex, commands a market capitalisation of Rs 4,34,178.09 crore as of February 25. Over the past decade, the stock has delivered stellar returns of more than 450 per cent, underscoring a sustained bull run.
Nuvama believes the company remains well-positioned for further upside, supported by robust growth prospects in its auto and farm businesses, upcoming product launches, and improving profitability metrics.
Here is what the brokerage has to say on M&M:
Nuvama on M&M
Brokerage firm Nuvama has reiterated its BUY rating on M&M, setting a target price of Rs 4,400, reflecting continued confidence in the company’s growth trajectory.
The firm expects overall revenue to compound at a robust 15–40 per cent across segments over FY26E–30E. Additionally, brokerage highlights that auto revenue is projected to expand eightfold between FY20–30E, driven primarily by strong growth in the utility vehicle (UV) and commercial vehicle (CV) segments.
Meanwhile, the farm business is forecast to deliver threefold revenue growth over FY20–30E, supported by industry expansion, market share gains, and rising exports.
Upcoming product launches, including BE7 and the Vision Series built on the NU_IQ platform, are expected to further strengthen the company’s portfolio.
Furthermore, Nuvama estimates a healthy FY25–28E revenue and core earnings CAGR of 16 per cent and 19 per cent, respectively, with return on invested capital (RoIC) projected to remain above 60 per cent, underscoring strong operational efficiency and profitability outlook.
M&M Q3 Result
Earlier this month, Mahindra & Mahindra reported a strong set of earnings for the third quarter, with consolidated profit after tax (PAT) rising 38.54 per cent year-on-year to Rs 5,021.47 crore, compared with the corresponding period last year.
Consolidated revenue from operations for the quarter stood at Rs 51,579.95 crore, marking a significant increase from Rs 41,464.98 crore reported in the same quarter of the previous fiscal year.
M&M Share Price
On Wednesday (February 26), shares of the auto major ended the session 1.8 per cent higher, gaining Rs 61.6 to settle at Rs 3,491.50. Based on this closing price, Nuvama’s target implies a potential upside of 26 per cent, translating into a possible gain of Rs 908 per share from current levels.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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