Mahindra and Mahindra Share: For the sixth consecutive trading day, Mahindra and Mahindra shares were trading lower, down 13% over that time. Since reaching its highest point of Rs 3,276.30 on February 10, 2025, it has dropped 15%. But over the last year, Mahindra and Mahindra has outpaced the market, rising 52% compared to the BSE Sensex’s 3.8% increase. Let’s learn more about the Mahindra and Mahindra shares in detail.
Mahindra and Mahindra Brief Background
Mahindra and Mahindra was established in 1945. Ghulam Mohammed as well as 2 brothers, KC and JC Mahindra, founded “Mahindra & Mohammed” on October 2, 1945. Initially assembling Willys Jeeps under license, the firm shifted to producing and marketing multi-utility vehicles (MUVs). Over time, M&M branched out into other markets, including commercial vehicles and tractors. Group Mahindra is a conglomerate having operations in a number of areas, including technology, financial services, automotive, and farm equipment.
Mahindra and Mahindra Share Price at Present
The closing price of the Mahindra and Mahindra share was 2940.75 per share. At the moment, the stock price is 2830.35 per share. In the upcoming days and weeks, investors should keep a careful eye on the price of Mahindra and Mahindra share to see how it responds to the news.
Recent Launch by Mahindra & Mahindra
Bookings for Mahindra & Mahindra’s recently introduced electric sports utility vehicles reached 30,179 on the first day of availability, indicating a strong reaction. At ex-showroom prices, the entire booking value is Rs 8,472 crore. According to the firm, the high demand demonstrates how confident consumers are in Mahindra’s Unlimit India strategy, which aims to provide cutting-edge, luxury, performance, and technology-driven electric SUVs.
Brokerages Projections of Mahindra and Mahindra Shares
Global brokerages Nomura Holdings and Citi Research reaffirmed their optimistic projections for the automaker. Citi stated that a phased schedule of deliveries will start in late March. M&M’s order book is around six months long, considering that the company can produce 5,000 units per month. According to the brokerage, it is still unclear how quickly the EV factory will expand and what the cancellation rate for the vehicles would be.
The amount of reservations is an amazing beginning for battery electric vehicles (BEVs), according to Nomura Holdings, particularly considering that 73% of the reservations are for the premium 79 kwh P. The EV market in India is still in its infancy; these vehicles have extremely high price points. Both brokerages upheld their buy recommendations; Citi Research set a target price of 3,680 Rs per share for Mahindra and Mahindra shares, while Nomura reiterated a price objective of Rs 3,681 per share.
Final Verdict
The Indian automobile market is dominated by a well-known corporation like Mahindra & Mahindra (M&M), especially in the tractor and SUV sectors. Even if its shares could increase due to things like the introduction of new products and its foray into the electric car market, investors should be mindful of the hazards.
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