Mahindra & Mahindra’s strong Q2 performance has moved the upwards. Business Today discuss whether the stock remains a compelling investment. M&M has sustained leadership across SUVs, EVs and tractors, with management guiding for strong demand ahead, driven by improving rural sentiment. The real benefit of recent GST cuts is expected to reflect more clearly from Q4 onwards. Brokerages like Jefferies maintain a Buy rating, raising the target price to ₹4,300, citing consistent EBITDA growth and an expanding product pipeline, including new EV launches. Our expert believes M&M remains well-positioned in the auto space, backed by stable margins, cost efficiencies, and market share gains - making it a structural long-term opportunity, even at current levels.

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