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    Sell Mahindra & Mahindra, target price Rs 1268: Reliance Securities

    Synopsis


    Mahindra & Mahindra, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 160800.74 Crore) operating in Auto sector.

    Sell
    Promoters held 19.38 per cent stake in the company as of 30-Sep-2022, while FIIs owned 43.61 per cent, DIIs 28.39 per cent.
    Reliance Securities has sell call on Mahindra & Mahindra Ltd. with a target price of Rs 1268. The current market price of Mahindra & Mahindra Ltd. is Rs 1268.8. Time period given by analyst is Intra Day when Mahindra & Mahindra price can reach defined target. Reliance Securities recommended to keep stop loss at Rs 1328 and initiate a short position in the counter in the range of Rs 1,305-1,315.

    Mahindra & Mahindra, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 160800.74 Crore) operating in Auto sector.

    Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Sale of services, Scrap, Other Operating Revenue for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 30076.98 Crore, up 5.06 % from last quarter Total Income of Rs 28628.39 Crore and up 38.37 % from last year same quarter Total Income of Rs 21735.96 Crore. Company has reported net profit after tax of Rs 2585.85 Crore in latest quarter.

    The company’s top management includes Mr.Keshub Mahindra, Mr.Haigreve Khaitan, Ms.Shikha Sharma, Mr.T N Manoharan, Dr.Vishakha N Desai, Mr.Muthiah Murugappan, Ms.Nisaba Godrej, Mr.Vikram Singh Mehta, Mr.C P Gurnani, Mr.Rajesh Jejurikar, Dr.Anish Shah, Mr.Anand G Mahindra, Mr.Vijay Kumar Sharma. Company has B S R & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 124 Crore shares outstanding.

    Promoter/FII Holdings
    Promoters held 19.38 per cent stake in the company as of 30-Sep-2022, while FIIs owned 43.61 per cent, DIIs 28.39 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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