LKP Research is bullish on Mahindra And Mahindra has recommended buy rating on the stock with a target price of Rs 2740 in its research report dated May 17, 2024.
Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 32105.24 Crore) operating in NBFC sector.
After being caught unawares by the SUV craze, Maruti overtook Mahindra to become India s largest SUV maker in the first half of FY24. It’s now looking to replicate its small-car supremacy in this space, but its hatchback sales are struggling.
With the XUV 3XO subcompact Sports Utility Vehicle, the homegrown automaker is looking to target customers who aspire to buy an ultra-premium XUV7OO that is priced in the range of 13.99 lakh to Rs 26.99 lakh)