Mahindra & Mahindra Q4 Results

Share price jump reflected in current valuation

An improving core business and possible course correction on capital allocation would drive stock performance as valuations are still cheap, analysts say.

The move is prompted by the steep impairment loss reported by the consolidated entity as SsangYong Motor (SYMC), its Korean subsidiary, and Genzee, its two-wheeler entity in the US, turned in losses.

The company's revenue also declined 35 per cent on a YoY basis to Rs 9,004.72 crore

According to the monthly sales update provided by the company, Mahindra & Mahindra sold 15.1 lakh units during the quarter