Jefferies retains 'buy' on Mahindra & Mahindra. (Photo source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Mahindra & Mahindra Ltd. struck an upbeat tone at its investor day, with Jefferies noting upgrades across its core businesses and reaffirming a 'buy' rating. The brokerage also raised the price target on the counter to Rs 4,500 from Rs 4,300

The company raised its FY25–30 tractor industry growth outlook from 7% to 9% CAGR, citing stronger demand tailwinds driven by improved profitability for cash and horticulture crops and a better price–labour cost trade-off after the GST cut. Mahindra expects the tractor installed base to rise to 12.2 million by fiscal 2030, against a full potential of 17–24 million, and highlighted international expansion, particular

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