Indian automaker Mahindra & Mahindra has signed a supply agreement with Germany-based Volkswagen Group on components for M&M’s INGLO platform, the company said in a stock exchange filing on Friday. As a part of this agreement, M&M will equip certain range of its electric platform INGLO with electric components of Volkswagen’s MEB and unified cells, … Read more
Brokerage firm Macquarie maintained an underperform rating on United Spirits, CLSA downgraded Sun TV to outperform, and Morgan Stanley remained overweight on M&M and HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on United Spirits: Underperform| Target Rs 910 Macquarie maintained an underperform rating … Read more
Equity indices climbed for a third straight day amid positive global cues. The 30-share Sensex rose 227 points to close at 72,050 and the broader NSE Nifty also gained 70 points to end at 21,910. Stocks that were in focus included names like M&M, which rose 6.81%, Vedanta, which declined 4.17%, and NTPC, whose shares … Read more
Brokerage firm Morgan Stanley maintained an Equal Weight rating on Crompton Greaves Consumer and an overweight rating on Bharat Forge. Jefferies recommended a hold rating on M&M and BofA Securities recommended a buy on Gland Pharma. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on … Read more
Shares of Mahindra & Mahindra (M&M) on Thursday jumped over 4% to the day’s high of Rs 1,725.95 on BSE after brokerages raised their target prices as better than expected average selling prices (ASP) were offset by weaker gross margins in the Q3 results. During the December quarter, Mahindra’s revenue growth was driven by volume … Read more
Brokerage Morgan Stanley maintained an Equal Weight rating on Federal Bank and M&M Finance. Motilal Oswal recommended a buy on M&M and Morgan Stanley remained overweight on D-Mart. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Avenue Supermarts (D-Mart): Overweight| Target Rs 4471Morgan Stanley … Read more
New Delhi, Mahindra & Mahindra Ltd on Monday reported a 6 per cent growth in total automotive sales at 60,188 units in December 2023, as compared to the same month a year ago. Passenger vehicles sales last month stood at 35,174 units, as against 28,445 units in December 2022, up 24 per cent, Mahindra & … Read more
