Latest news with #M&M
&w=3840&q=100)
Business Standard
16 hours ago
- Automotive
- Business Standard
M&M shares hit new high, soar 40% from April low; more upside ahead?
Driven by a strong order backlog and new launches, Motilal Oswal Financial Services expects M&M to continue outperforming industry growth in FY26 Deepak Korgaonkar Mumbai Listen to This Article Mahindra & Mahindra (M&M) share price today Mahindra & Mahindra (M&M) shares hit an all-time high of ₹3,302.90 today, gaining 1.3 per cent on the BSE in Wednesday's intraday trade, on a healthy business outlook. The stock price of the automobile company surpassed its previous high of ₹3,276.30, which it had touched on February 10, 2025. It has bounced back 40 per cent from its 52-week low level of ₹2,360.45, touched on April 7, 2025. In the past one year, M&M shares have outperformed the market and the auto index by surging 17 per cent. In comparison, the BSE Sensex
Mint
17 hours ago
- Business
- Mint
Stock Picks: Sagar Doshi suggests Balkrishna Industries, Hindalco, M&M shares to buy today
Stock market today: India's stock benchmarks opened higher on Wednesday, following the upward trend in their Asian counterparts after the US disclosed a trade agreement with Japan, raising hopes for additional deals. Nevertheless, the ongoing uncertainty regarding the interim trade agreement between India and the US, ahead of President Donald Trump's August 1 deadline, restrained the advances in the Indian market. The Nifty 50 increased by 0.22% to reach 25,122.75 points, while the Sensex climbed 0.30% to 82,430.50 as of 9:15 IST. Japanese stocks spearheaded the rally in Asian markets on Wednesday following the announcement of the trade agreement. MSCI's widest index for Asia-Pacific stocks, excluding Japan, also rose by 0.7%. Nifty 50 has entered a consolidation zone once again, though broader trend indicates upside from current levels, but absence of tailwinds are keeping the index in range. We continue with our view on a broad consolidation between 24,800 and 25,320 for the balance of this week, given the chart structure and positioning based on derivative data. On the options front as well, given tomorrow weekly expiry, highest call and put writing is seen at 25,200 and 24,800 respectively, furthering our stance on rangebound play for this week. After reclaiming its resistance of 56,750 in Monday's session, the index is now eyeing for a break above 57,100 to allow momentum on the long side on Bank Nifty 50. Outperformance against Nifty 50 which has been the powering the underlying current on this index, a close above 57,100 is now essential for the outperformance to continue. On the flip side, closing below 56,200 could allow downward pressure on the index. On stocks to buy on Wednesday, Sagar Doshi of Nuvama recommended three stocks - Balkrishna Industries Ltd, Hindalco Industries Ltd, and Mahindra & Mahindra Ltd (M&M). Balkrishna Industries share price has given a cup and handle breakout on daily chart at the start of this week. This pattern has been in place from the start of this calendar year marking an end of its 6 month consolidation. Given the set up this suggests for a 10-12% upside from current levels. Hindalco share price has given a 9 month trendline breakout same time last month, but the stock had been missing follow through, a retest and back to the breakout price has made way for a follow through to play out. Stock has also sustained above its 200 DMA for four consecutive weeks now, enabling for further upside on charts. Breaking out from its 5 month consolidation, M&M share price had shown early signs of reclaiming its all-time high given the cup and handle breakout last month. A retest of the same neckline has also been complete furthering the stance for another 10-12% upside from CMP. M&M has also given highest ever closing yesterday on daily charts. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
21 hours ago
- Automotive
- Mint
Tesla and Mahindra: A drive in parallel universes
Company Outsider is a weekly newsletter by Sundeep Khanna. Subscribe to Mint's newsletters to get them directly in your email inbox. Mahindra & Mahindra (M&M) group chairman Anand Mahindra welcomed Tesla's India entry with a friendly 'Competition drives innovation, and there's plenty of road ahead' post on X. His confidence is not misplaced. In the most recent quarter, M&M surpassed Hyundai to become India's second-largest automaker by volume. But his aplomb obscures a more fundamental truth: Tesla and M&M operate in two entirely different markets - not segments. Indeed, in automotives, they belong to two parallel universes. Their vehicles, customers, pricing, and value propositions are so distinct that the two brands are unlikely to ever compete directly in India. It's a common fallacy to treat the Indian automobile market as a single, homogenous entity. In reality, it is bifurcated into two sharply distinct sectors: a mass-market, value-conscious segment that forms more than 99% of volumes, and a narrow, high-end luxury segment that is economically and behaviorally different. While Tesla, M&M, and Indian EV market leader Tata Motors, are loosely grouped under the electric vehicle (EV) banner, that's where the similarities end. Tesla is entering at the very top of the pyramid, with its first offering in India priced at over ₹ 60 lakh (more than twice what the most expensive EV from Tata Motors costs). That places it squarely in the ultra-premium category alongside German brands like Mercedes-Benz, Audi, and BMW. By contrast, EVs from M&M and Tata Motors are tailored for cost-conscious customers and are promoted for their cost-saving benefits like lower running costs compared to petrol and diesel vehicles. No one will buy a Tesla in India to save on fuel bills. The US company's brand promise revolves around performance, tech-savvy design, and global cachet. M&M's promise, like that of Tata Motors, is rooted in practicality and affordability. The distinction is critical. In 2023, the entire luxury car segment in India accounted for just over 51,000 vehicles. That's a number Tesla sells in the US every month. It sold 657,000 units in China last year, despite growing competition from domestic giant BYD. By contrast, Tata Motors sold over 61,000 EVs in India last year. Clearly, Tesla cannot win the volume game in India simply because at its price points, volumes simply don't exist. Tesla's India ambitions are often rationalized in terms of geopolitical strategy. The country offers a hedge against an increasingly protectionist China, and the tag of being one of the few remaining 'unconquered' markets of scale. But while India may be the world's third-largest car market, it is not one for luxury EVs. There is also little reason to believe that the Indian government will bend over backward for Tesla. Unlike in the past, when market access was often traded for manufacturing commitments, today's policy approach is more guarded. Import duties are unlikely to be slashed, and Tesla will have to adhere to conditions like local sourcing and production. The government's stated target of 30% EV penetration by 2030 will be achieved primarily through sub- ₹ 15 lakh vehicles, which is the domain of Indian carmakers, and increasingly of Chinese companies like BYD. Tesla has no product in this space and, more importantly, no roadmap to get there. Despite promises of a $25,000 EV, Tesla has repeatedly deprioritized its commitment to produce an affordable EV. Five years ago, Elon Musk announced it would arrive in three years, only to go back on his promise in 2022. Today, Tesla's focus has shifted to the robotaxi platform. The message is clear: affordability is not the current focus. India's car market is not just small at the top, it is fiercely cost-conscious at every level. According to a recent Crisil Ratings report, used car sales in the country are expected to grow at twice the pace of new car sales in FY26. Significantly, the average age of used cars has declined to just 3.5 years, a strong indicator that consumers are looking for newer vehicles at lower price points. Maruti Suzuki chairman R.C. Bhargava recently noted that only the top 12% of Indian households can realistically afford a car. The other 88% struggle to afford even the entry-level models. This reality further underlines the irrelevance of Tesla's pricing strategy in the Indian context. Tesla's India foray is unlikely to ruffle feathers at M&M or disrupt the broader market. If anything, it will reinforce the market's duality of a high-end niche for brands like Tesla, and a mass-market battlefield where the real action takes place. Anand Mahindra and his team can rest easy: Tesla's India drive is on a completely different highway.a
&w=3840&q=100)
Business Standard
2 days ago
- Automotive
- Business Standard
Smallcap auto stock surges 10% post Q1 results; zooms 102% in 1 month
SML Isuzu share price today Shares of SML Isuzu hit a new high of ₹3,675.15, and were locked at the 10 per cent upper circuit on the BSE in Friday's intra-day trade after the company reported healthy earnings for the quarter ended June 2025 (Q1FY26). Till 02:13 PM; a combined 579,000 equity shares changed hands and there were pending buy orders for 72,085 equity shares on the NSE and BSE, the exchange data shows. Thus far in the month of July, the stock price of commercial vehicle company soared 74 per cent after the company reported a strong sales numbers for the month of June 2025. Meanwhile, in past one month, SML Isuzu's market price has more-than-doubled or zoomed 102 per cent. In comparison, the BSE Sensex was up 0.5 per cent during the period. The stock price the smallcap auto company has skyrocketed 255 per cent from its 52-week low level of ₹1,030.90 touched on February 28, 2025. SML Isuzu - Q1FY26 results For the April to June 2025 quarter (Q1FY26), SML Isuzu reported 44 per cent year-on-year (YoY) jump in profit after tax (PAT) at ₹66.96 crore. The company had posted PAT at ₹46.39 crore in Q1FY25. Revenue from operations grew 13 per cent YoY to ₹845.89 crore from ₹746.01 crore in a year ago quarter. For the first quarter of fiscal year 2025-26, SML Isuzu reported 12.5 per cent YoY jump in total vehicle sales of 4,926 units compared to 4,379 units in the corresponding period last year. Cargo vehicle sales during this three-month period surged 46.3 per cent to 1,282 units from 876 units, while passenger vehicle sales grew 4.0 per cent to 3,644 units from 3,503 units. Mahindra & Mahindra (M&M) acquiring SML Isuzu On April 26, 2025, Sumitomo Corporation, Japan (Promoter shareholder) and Isuzu Motors Limited, Japan (Public shareholder) entered into share purchase agreements with Mahindra & Mahindra (M&M), whereby they agreed to sell 6.36 million equity shares (representing 43.96 per cent of the equity share capital of the company) and 2.17 million equity shares (representing 15 per cent of the equity share capital of the company) respectively, of face value of ₹10 each, at a price of ₹650 per share. Further, on May 5, 2025, M&M announced the 'Open Offer' for acquisition of up to 3.76 million equity shares of face value of ₹10 each, representing 26 per cent of the equity share capital of the company, at a price of ₹1,554.60 per share. M&M has received unconditional approval from the Competition Commission of India for the said acquisition and the Open Offer on June 17, 2025. The transaction remains subject to the completion of other customary conditions precedent. The open offer opened on June 19, 2025 and closed on July 2, 2025. M&M said the acquisition will enable the company to strengthen its presence in the trucks and buses segment by unlocking operational synergies, enhancing product development capabilities, and expanding market reach. It supports the company's long-term growth vision in the commercial vehicle industry. SML Isuzu - Outlook M&M already has a strong presence in the small commercial vehicle (SCV) goods-carrier segment. The company can use SML Isuzu's Intermediate Light Commercial Vehicle (ILCV) passenger-carrier platform to expand into the ILCV goods segment as well. Also, Mahindra's vast network could help further ramp-up volumes of SML Isuzu's product, according to analysts. The change in ownership of the entity to M&M, when it materialises, is likely to aid SML's product development/network expansion plans over the medium term, aided by M&M's well-established position in the automotive sector. Accordingly, the developments are expected to be credit positive in ICRA's view.
Mint
2 days ago
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Paradeep Phosphate, UPL, M&M stock to buy in near term
Indian stock markets made further gains during the opening session on Tuesday, following a robust close on Monday and supported by record levels in U.S. indices. Despite the ongoing selling from foreign portfolio investors (FPI), investors remained hopeful as banking stocks continued to bolster the market. The Nifty 50 index commenced at 25,166.65, increasing by 75.95 points or 0.30%, while the BSE Sensex started the day at 82,527.43, up by 327.09 points or 0.40%. By 11:12 IST, the Nifty 50 was down by 0.10% to 25,066 . 80 points, and the BSE Sensex was flat at 82,188.22. Analysts observed that investor sentiment has become more favorable amid strong signals from the US, where both the S&P 500 and Nasdaq reached new highs. On the technical front, Riyank Arora from Mehta Equities believes, as long as Nifty 50 holds 25,000 levels, traders should adopt a buy-on-dips approach to ride the ongoing upward momentum. Arora recommends three stocks to buy in the short-term. Here's what he says about the overall market. Nifty 50 continues to maintain its positive tone, holding firm above the crucial 25,000 support mark. The index is likely to head higher towards 25,200–25,250 levels, backed by strong market breadth and large-cap participation. Momentum indicators remain supportive of the trend. As long as 25,000 holds, traders should adopt a buy-on-dips approach to ride the ongoing upward momentum. Bank Nifty has shown strong resilience and is trending comfortably above its key support of 56,400. The index now eyes 57,500 and 58,000 as the next upside targets. Positive sentiment in private and PSU banking names is supporting the rally. Short-term momentum remains intact, and traders may consider staying long with a stop loss just below 56,400. Riyank Arora recommends these three stocks in the short term - Paradeep Phosphate, UPL, and M&M. Paradeep Phosphate shares has formed a solid base near ₹ 180 and witnessed renewed buying momentum from support levels. A breakout above ₹ 190 signals strength, with volumes picking up and momentum indicators turning bullish. As long as the ₹ 180 level is protected, the stock can rally toward ₹ 210 and ₹ 220 levels. Ideal for short-term positional traders looking to ride a trending move with defined risk. UPL share price is showing strength after consolidating near the ₹ 700 zone and has now resumed its uptrend. The price structure indicates accumulation with a higher-low formation, and a move above ₹ 718 confirms a breakout attempt. RSI and MACD support bullish continuation. A close above ₹ 725 can accelerate gains, with upside potential toward ₹ 750. Risk-reward remains favorable with a strict stop loss at ₹ 700. M&M shares remains in a strong uptrend with consistent higher highs and healthy volume support. The stock has shown excellent relative strength in the auto space and is holding above key moving averages. A breakout above ₹ 3,250 opens up potential for ₹ 3,350 and ₹ 3,400 in the near term. Traders should maintain a stop loss at ₹ 3,190 to manage risk while riding this bullish momentum. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
