Buy Mahindra & Mahindra, target price Rs 2720: Motilal Oswal
Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 295070.74 Crore) operating in Auto sector.
Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Other Operating Revenue, Sale of services for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 35807.44 Crore, down -.01 % from last quarter Total Income of Rs 35809.91 Crore and up 9.00 % from last year same quarter Total Income of Rs 32849.56 Crore. Company reported net profit after tax of Rs 2730.21 Crore in latest quarter.
Promoter/FII Holdings Promoters held 18.59 per cent stake in the company as of 31-Mar-2024, while FIIs owned 41.75 per cent, DIIs 26.05 per cent.
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