By Admin 
M&M Shares: Nowadays, there is a lot of discussion in the stock market about an auto stock whose price has the potential to increase by more than Rs 900 from the current level. We are not saying this, but brokerage firm Nuvama is saying this.
Here the shares of automobile company Mahindra & Mahindra Limited (M&M) are being talked about. Nuvama has unwavering faith in the strong performance of Mahindra & Mahindra shares. With this positive stance, Nuvama has maintained its ‘Buy’ rating by giving it a big target of Rs 4400.
Company continuously giving excellent returns
The market capitalization of M&M, included in BSE Sensex, was estimated at Rs 4,34,178.09 crore as of February 25. This stock has managed to win the trust of investors by giving excellent returns of more than 450 percent in the last ten years.
Why do brokerages have so much confidence in the stock?
Nuvama believes that the company is well positioned going forward due to strong growth prospects in its auto and farm businesses, upcoming product launches and better profitability metrics. Nuvama has estimated that Mahindra & Mahindra’s revenue will grow at the rate of 15 percent CAGR during 2025-28. The credit for this goes to the strong demand for SUVs and the upcoming new models of the company.
As already mentioned, the company is continuously progressing in the farm business also. Due to continuous improvements in the agriculture sector and government policies, this segment is expected to grow at the rate of 13 percent CAGR in the coming time. The brokerage also has confidence in the plans prepared by the company for the EV segment. The company is expected to continue progressing with new models like BE7 and Vision series.
ahead in exports too
Nuvama also believes that due to the company’s strengthening presence in North America, Brazil and ASEAN countries, exports can also increase at a CAGR of 12 percent during 2025-28.
Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
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