Page 2 - M&m

Automakers stocks sprint up post May sales; M&M, Ashok Leyland zoom 6%

Shares of Mahindra and Mahindra (M&M) zoomed 5.9 per cent, hitting its 52-week high at Rs 2,654 per share on the BSE in today's intraday trade

Maruti Suzuki, M&M, NMDC, TVS Motor among 10 stocks to watch on June 3

Stocks to watch June 03: NMDC reported a 37 per cent decrease in total iron ore production for May 2024, reaching 2.34 million tonnes compared to 3.71 million tonnes year-on-year

M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data

May auto sales preview: Nomura analysts expect passenger vehicle (PV) wholesales to grow by 6 per cent on a year-on-year (Y-o-Y) basis to 355,000 units.

Fuelling change? M&M may consider hybrid tech shift if demand arises

Automaker puts EVs and ICE in the driver's seat amid hybrid emission concerns

M&M Q4 results: Net profit jumps 31.6% to Rs 2,038 cr on strong SUV demand

Utility vehicles (UV) accounted for more than half of passenger vehicle sales in India, rising 31% year-on-year, according to an industry body

M&M, Berger Paints, Mankind Pharma among six stocks to monitor on May 16

At 6:40 AM, GIFT Nifty futures were up by 90 points, trading at 22,377.50 levels compared to Nifty50 futures, indicating a gap-up opening for the stock exchanges

M&M Q4 Preview: Profit may decline despite up to 8% rise in revenue

The automaker may register 4-6 per cent decline Y-o-Y in its adjusted profits, falling in the range of Rs 1,808 crore to Rs 1,980 crore, according to brokerage estimates

Stocks to watch on May 15: M&M, Radico Khaitan, Macrotech Developers

Across Asia, market sentiment is predominantly positive, tracking Wall Street gains. At 7:26 AM, Japan's Nikkei rose 0.47 per cent, while Korea's Kospi soared 0.11 per cent

Apollo Tyres Q4 results: PAT falls 13% to Rs 354 cr on higher tax expenses

Apollo Tyres, which manufactures tyres for Maruti Suzuki , Mahindra and Mahindra and TVS Motor Company Ltd among others, is one of the major players in the sector

M&M, Tata Motors, Maruti Suzuki: What is driving the rally in these stocks?

With 3XO's launch, M&M management aims to be among the top two players in the compact SUV segment over the course of three years

M&M aims to be among top 2 players in compact SUV section in 3 years

Mahindra & Mahindra Ltd on Monday said it wants to be among the top two players in the compact SUV section in the next three years. At the unveiling of its compact SUV here on Monday, M&M Executive Director and CEO for auto and farm director Rajesh Jejurikar also said that the company anticipates growth in the mid-to-high teens in its SUV volumes. Earlier, M&M Ltd unveiled its compact segment SUV, XUV 3XO, at a starting price of Rs 7.49 lakh. In the sub-four-metre compact SUV monocoque, which is a direct relevant segment for the company, out of six lakh, "we are number 5 in the segment and the next three years we want to be number 1 or number 2," he said. Stating that this segment will also grow amid a rapidly growing SUV market, he said, "We are staying with the comment (that) we made in the last result call. In FY 25, we want to grow in the mid-teens." "We have focus on products and waiting to get everything right on 3XO." "That size is of six lakhs. We will have to look

Prudential Management and Services sells 0.7% stake in M&M for Rs 1,778 cr

Prudential Management and Services, one of the promoters of Mahindra & Mahindra, on Thursday pared 0.75 per cent stake in the company for Rs 1,778 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Prudential Management and Services offloaded 93,00,000 shares, amounting to a 0.75 per cent stake in Mahindra & Mahindra. The shares were disposed of at an average price of Rs 1,912.04 apiece, taking the deal size to Rs 1,778.19 crore. Details of the buyers could not be ascertained. Shares of Mahindra & Mahindra tumbled 3.99 per cent to close at Rs 1,892 apiece on the NSE. In a late evening disclosure on Wednesday to the exchanges amid reports on the proposed block deal by the promoter group entity PMSL, Mahindra & Mahindra clarified that "post transmission of shares of PMSL held by the former Chairman of M&M, Late Keshub Mahindra (who passed away on 12th April, 2023), to his family members, the ...

M&M sinks 4% on profit booking as promoter entity PMSL dilutes stake in co

M&M's promoter group entity Prudential Management and Services (PMSL) said it has proposed to sell a small number of M&M shares to meet liquidity needs

Stocks to watch: Tata Motors, M&M, IIFL Fin, NTPC, AU SFB, Godrej Agrovet

Stocks to track on 05, March 2024: The Reserve Bank of India has approved the amalgamation of Fincare Small Finance Bank with Jaipur-based AU Small Finance Bank

Tractor stocks may have bumpy ride in near-term; stay selective: Analysts

Volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak

Mfg should contribute quarter to India's economic growth: M&M Group MD

The manufacturing sector needs to contribute a quarter to India's economic growth amid its ambition of becoming a USD 30-trillion economy by 2030 and a developed country (Viksit Bharat), M&M group Managing Director and CEO Anish Shah said on Friday. Sharing his perspective on the role industries and enterprises will have to play in accelerating national growth and economic prosperity at the third ABP Network's 'Ideas of India Summit 3.0' here, he also said over the next seven years, Indian GDP is expected to add as much to the global GDP as the entire European Union combined. The two-day event, which began here on Friday, has seen the participation of policymakers, cultural ambassadors, industry experts, celebrities, business leaders, economists, among others. "India envisions to be a 30-trillion economy by 2047 to be a Viksit Bharat. This means manufacturing should be 25 per cent of GDP... We should be more ambitious and make manufacturing grow 16 times and exports grow 11 ...

Auto shares rally; Maruti Suzuki, TVS, Hero Moto, Bajaj, M&M hit new highs

In the past one month, the S&P BSE Auto index has rallied 10 per cent against a 1 per cent decline in the S&P BSE Sensex

Mahindra announces key leadership appointments, top management reshuffle

Kavinder Singh, MD and CEO of Mahindra Holidays & Resorts India Limited (MHRIL) will complete his tenure with the Group on May 16, 2024

M&M January sales: Total vehicle sales rise 15%, reach 73,944 units

Mahindra & Mahindra Ltd on Thursday said its total vehicle sales grew 15 per cent year-on-year to 73,944 units in January. The utility vehicle sales stood at 43,068 units in the previous month as against 32,915 vehicles sold in January last year, growing 31 per cent year-on-year, M&M Ltd said. The commercial vehicle domestic sales during the month under review stood at 23,481 units, a growth of 8 per cent over 21,724 units in January 2023. Its three-wheeler domestic sales, including electric three-wheelers, fell 14 per cent to 5,649 units compared to 6,562 vehicles sold in the year-ago period, the company said.

Stocks to Watch: Delta Corp, Vedanta, KIOCL, Power Grid, M&M, IRCTC, Lupin

Stocks to Watch on January 10, 2024: The company reported 15 per cent YoY decline in Q3 consolidated revenue to Rs 231.7 crore. Net profit slumped 59 per cent to Rs 34.5 crore