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Mahindra & Mahindra Ltd News

F&O Alert: M&M, Shriram Finance see short buildup; Manappuram, Sun Tv long

F&O stock watch: Shares of Mahindra & Mahindra and Shriram Finance face up to 15 per cent downside risk; whereas, Manappuram Finance and Sun Tv can potentially gain up to 13 per cent.

F&O Alert: M&M, Shriram Finance see short buildup; Manappuram, Sun Tv long
Updated On : 12 Jul 2024 | 11:54 AM IST

Markets catch their breath after record highs; Sensex closes at 79,925

Sharp rebound from election-result day lows is being driven by hopes of policy continuity, foreign portfolio investors (FPIs) turning net buyers again, and strong macroeconomic numbers

Markets catch their breath after record highs; Sensex closes at 79,925
Updated On : 10 Jul 2024 | 10:24 PM IST

'No link between XUV700 price cuts and UP EV policy': Mahindra & Mahindra

The automobile manufacturer said that the announced price cut of XUV700 is a business strategy that was pre-decided in a February meeting

'No link between XUV700 price cuts and UP EV policy': Mahindra & Mahindra
Updated On : 10 Jul 2024 | 6:07 PM IST

Sensex tumbles over 900 pts intraday: Why are stock markets falling today?

The NSE Nifty50 fell 1.19 per cent or 291 points, reaching a low of 24,141.80 levels

Sensex tumbles over 900 pts intraday: Why are stock markets falling today?
Updated On : 10 Jul 2024 | 11:49 AM IST

M&M records sharpest intra-day fall in 28 months; stock slips over 7%

The stock slipped 7.3% to Rs 2,711.75 on the BSE in Wednesday's intra-day trade recorded its sharpest intra-day decline since February 14, 2022.

M&M records sharpest intra-day fall in 28 months; stock slips over 7%
Updated On : 10 Jul 2024 | 12:44 PM IST

Maruti, TaMo, M&M: How to trade auto stocks post UP govt hybrid car offer

Auto stocks in focus: Maruti down 6 per cent in last 2 months; trading strategies for Maruti, Tata Motors and M&M as UP government waives-off registration fee on hybrid cars.

Maruti, TaMo, M&M: How to trade auto stocks post UP govt hybrid car offer
Updated On : 09 Jul 2024 | 9:13 AM IST

Tech golden thread that binds enterprise' work to future: Anand Mahindra

Technology is a golden thread binding an organisation's work to its future vision, and the power of artificial intelligence (AI) can strengthen this thread, said Tech Mahindra chairman Anand Mahindra. Penning his thoughts in the annual report 2023-24 of IT services and consultation company Tech Mahindra, the billionaire businessman said it is impossible to talk about any business today without talking about technology. "Technology is the Golden Thread that binds what an organisation is doing today with the future world it is trying to create. Across multi-business organisations, it enables synergy and creates unexpected business connections. Across industries, it creates collaboration and transformation," he wrote. Mahindra, 69, said the future belongs to those who can creatively weave this Golden Thread into a value-enhancing business tapestry. He said IT services will play a pivotal role in enhancing Golden Thread by integrating AI seamlessly into the core business functions. "F

Tech golden thread that binds enterprise' work to future: Anand Mahindra
Updated On : 28 Jun 2024 | 5:17 PM IST

M&M zooms 91% in 5 months on healthy outlook; m-cap nears Rs 4 trillion

M&M stock record high price: With strong focus on capital efficiency, impressive product launch slate and capacity expansion in the offering, M&M is well positioned for profitable growth going forward

M&M zooms 91% in 5 months on healthy outlook; m-cap nears Rs 4 trillion
Updated On : 18 Jun 2024 | 11:08 AM IST

Mahindra group may join global firms for cell production in India: MD Shah

Mahindra Group is looking for partnerships with global players for local production of battery cells in order to cater to expected increase in demand for electric vehicles in the future, according to a top company executive. In an interaction with PTI, Mahindra Group MD and CEO Anish Shah said the company is looking at a 2030 timeframe for the possible listing of its electric vehicle arm Mahindra Electric Automobile Ltd (MEAL). "One area that we continue to look at more closely is cell manufacturing and that is something where there are various considerations... if we feel it's essential for us, we will look at a partnership for cell manufacturing," he stated. He further said: "We will look at a global technology partner, and potentially at private equity partners as well because we will not put the entire capital." The initiative, if it materialises, would enable local production of battery cells in India, Shah said. "..the only reason for us to do it is to indigenise in India. ..

Mahindra group may join global firms for cell production in India: MD Shah
Updated On : 16 Jun 2024 | 11:31 AM IST

Above normal monsoon to drive tractor sales; time to buy related stocks?

A normal monsoon, as predicted by the India Meteorological Department (IMD), is likely to boost farmers' income which may drive up tractor demand, analysts said

Above normal monsoon to drive tractor sales; time to buy related stocks?
Updated On : 12 Jun 2024 | 11:28 AM IST

Mahindra Group to focus on delivering scale over next decade: MD Anish Shah

Farm equipment to aerostructure conglomerate Mahindra Group will focus on delivering scale with its businesses that it 'believes' will cover 70 per cent of India's growth over the next decade, according to its Managing Director and CEO Anish Shah. The group, which has completed exits from 15 companies in a variety of areas to become a much leaner and agile organisation, is also focusing on increasing the valuation of its newer businesses, what it calls 'growth gems' by five times in the next five years from the value of USD 4.2 billion as on March 2024. "Today, what we have is a set of companies that we feel are very strong, very well positioned in the market and each of them can be a scale company. For us now it is about delivering scale," Shah told PTI in an interview. When asked where he sees the Mahindra Group in terms of size and scale in the future, he said, "Our focus now is to deliver scale, focus on the businesses we have. These businesses cover what we believe is 70 per c

Mahindra Group to focus on delivering scale over next decade: MD Anish Shah
Updated On : 12 Jun 2024 | 5:09 PM IST

Private capex expected to pick up with a stable govt at Centre: Anish Shah

The industry expects the continuation of growth-oriented policies in the third term of Prime Minister Narendra Modi-led government and the compulsion of coalition politics will not be a speedbreaker, Mahindra Group CEO and MD Anish Shah said on Tuesday. Apart from the continuation of the growth agenda, the industry expects the government to focus on four key areas - manufacturing for the world; women-led development; farm-led prosperity; and sustainability. In an interview with PTI, Shah said private capex, which has been behind the government capex, is also expected to pick up with the continuation of a stable government at the Centre. "From an industry perspective, stability is positive. What is also positive is the fact that this government has focused more on capex for long-term growth," said Shah, who is also the president of industry chamber FICCI. When asked if the compulsions of coalition politics as BJP did not get a clear majority in the recent general elections, could ..

Private capex expected to pick up with a stable govt at Centre: Anish Shah
Updated On : 11 Jun 2024 | 6:30 PM IST

Auto shares rally up to 9%; Bajaj, Hero MotoCorp, M&M, TVS hit record highs

Analysts expect the 2-wheeler industry to have a healthy growth in FY25

Auto shares rally up to 9%; Bajaj, Hero MotoCorp, M&M, TVS hit record highs
Updated On : 05 Jun 2024 | 1:02 PM IST

M&M May wholesales surge 17% to 71,682 units, exports increase 2%

Mahindra & Mahindra on Saturday said its total wholesales increased 17 per cent year-on-year to 71,682 units in May. The company's total dispatches to its dealers stood at 61,415 units in May 2023. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 31 per cent to 43,218 units last month against 32,886 units in May 2023, it said in a statement. Exports rose 2 per cent year-on-year to 2,671 units last month from 2,616 units in May 2023. Mahindra's Farm Equipment Sector (FES) reported 9 per cent increase in total tractor sales at 37,109 units as against 34,126 units for the same period last year. "Coupled with timely arrival of southwest monsoon in Kerala and northeast states and forecast of an above normal monsoon has improved the on-ground sentiments of farmers," Mahindra & Mahindra President, Farm Equipment Sector Hemant Sikka said. Land preparation activities for Kharif crops are expected to begin on time, which is likely to boost tractor ...

M&M May wholesales surge 17% to 71,682 units, exports increase 2%
Updated On : 01 Jun 2024 | 12:41 PM IST

M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data

May auto sales preview: Nomura analysts expect passenger vehicle (PV) wholesales to grow by 6 per cent on a year-on-year (Y-o-Y) basis to 355,000 units.

M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data
Updated On : 31 May 2024 | 10:54 AM IST

F&O Alert: These 3 Nifty stocks trade with high PCR; check key levels here

May F&O expiry strategy: In general, stocks with high Open Interest based Put Call Ratio (PCR) tend to trade with a positive bias or find strong support in case of dips.

F&O Alert: These 3 Nifty stocks trade with high PCR; check key levels here
Updated On : 27 May 2024 | 9:16 AM IST

M&M's stock races ahead on strong Q4 performance, outlook healthy

M&M is looking at expanding monthly UV capacity to 64,000 units by FY25-end and 72,000 units by FY26-end, from the present level of 49,000 units

M&M's stock races ahead on strong Q4 performance, outlook healthy
Updated On : 17 May 2024 | 9:09 PM IST

M&M stock surges 8% on strong Q4 earnings; market cap tops Rs 3 trn-mark

Mahindra & Mahindra's market capitalisation touched Rs 3.18 trillion in Friday's intra-day trade on the BSE.

M&M stock surges 8% on strong Q4 earnings; market cap tops Rs 3 trn-mark
Updated On : 17 May 2024 | 10:06 AM IST

Auto major M&M shifts to high gear with Rs 37,000 crore investments

CEO says EVs will constitute 20-30% of its overall sales by 2027

Auto major M&M shifts to high gear with Rs 37,000 crore investments
Updated On : 16 May 2024 | 9:04 PM IST

M&M Q4 results: PAT rises 4% to Rs 2,754 crore on strong auto biz

Farm business PAT grew 2 per cent in FY24 when industry volumes declined

M&M Q4 results: PAT rises 4% to Rs 2,754 crore on strong auto biz
Updated On : 16 May 2024 | 6:31 PM IST