Auto major Mahindra & Mahindra (M&M) is in focus after announcing its September quarter results . Following the company’s Q2 performance, leading brokerages have maintained a bullish stance on the stock. Both Nuvama and Nomura have reiterated their ‘Buy’ ratings. The brokerages have projected strong earnings growth driven by steady launch pipeline going forward.

Nuvama on M&M: 15% growth likely annually

According to the brokerage report by Nuvama, Mahindra & Mahindra is expected to maintain its growth momentum, led by the auto and farm segments.

The brokerage has given a buy rating on the stock with a target price of Rs 4,200. This implies an upside potential from current levels.

“As per the brokerage report, over FY25–FY28, we reckon the auto segment’s revenue CAGR at 15% driven b

See Full Page