M&M Faces Stock Decline Despite Robust Market Share in SUVs and Farm Equipment

Mahindra & Mahindra's stock has fallen 13% in the past six trading days, despite the company's strong market position. The automaker holds a 23% revenue market share in SUVs and a 44.2% share in farm equipment. However, investors are concerned about increased competition, particularly in the EV segment. Tesla's potential entry into the Indian market and expansion by other global players like BYD and Hyundai are putting pressure on M&M's long-term growth prospects. The stock hit an all-time high of Rs 3,276.30 on February 10, 2025, but has since corrected by 15%. Analysts remain divided, with some maintaining a 'neutral' stance while others see potential upside.
Source: Equity Master, Business Standard, CNBC TV18