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Mahindra & Mahindra (M&M) stole the spotlight on Dalal Street today, jumping 2.6% to become the top gainer on the Nifty 50 index. The rally comes on the heels of a stellar March quarter, robust growth prospects, and strong investor confidence in the company’s expansion plans.
Key Highlights:
Market Outperformance: M&M shares opened strong and climbed to ₹3,030.25, outpacing the broader market and outperforming auto sector peers. This surge marks a continuation of the stock’s impressive run, with a 3.26% gain over the past month and over 11% in the last three months.
Quarterly Strength: The company’s Q4 results exceeded expectations, with a 22% year-on-year jump in standalone net profit and a 24% rise in revenue. Double-digit growth in both automotive and farm equipment segments powered the performance, while margin expansion and higher dividend payouts further boosted sentiment.
Growth Roadmap: Investors are upbeat about M&M’s ambitious plans to scale up capacity to 85,000 units per month by FY27 and launch 17 new vehicles—including five battery electric vehicles—by 2030. These initiatives are expected to cement the company’s leadership in the SUV and EV segments.
Technical Momentum: The stock’s bullish momentum is supported by strong technicals, with resistance seen at ₹3,033 and ₹3,054. Analysts remain optimistic, with leading brokerages recommending buy ratings and targets as high as ₹3,600.
With robust fundamentals, aggressive expansion, and market-beating returns, Mahindra & Mahindra continues to accelerate ahead of the pack.
Sources: Economic Times, Financial Express, Moneycontrol
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