Shares of Mahindra & Mahindra will be in focus on Friday, November 21, as global brokerages issued upbeat commentary after the company's investor day.
CLSA has maintained an 'Outperform' rating with a target price of ₹4,417. The brokerage said M&M is confident of holding its leadership across SUVs, tractors and LCVs, and sees more room for market share gains with upcoming launches and its strategy to fill product gaps.
Management is targeting an organic revenue CAGR of 15% to 40% across businesses in FY26 to FY30, compared with about 25% over the last five years. Export growth will be a big thrust area, with tractors under the Oja brand, global pickup launches in LCVs and a new UV lineup.
M&M has also raised its tractor volume growth outlook for FY25 to FY30 to 9% from 7 earlier, and ex

CNBC-TV18

Raw Story