Mahindra & Mahindra Ltd
M&M

1,275.80

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,275.90

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

1,276.30

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 1324.00
We recommend an ACCUMULATE on the stock due to strong rural demand and new launches. Higher usage of tractors in non-farm activities will drive the farm equipment business (60% in the EBIT mix). We value it based on 20.6x FY18E earnings and Rs 430 for value of listed subsidiaries (Target Price- Rs. 1430.7 ).
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50 DMA (.)
1,277.17
100 DMA (.)
1,248.71
200 DMA (.)
1,330.82
Weekly Range (.)
1,257.65
1,316.45
Monthly Range (.)
1,257.65
1,361.00
52 Weeks Range (.)
1,141.40
1,508.95
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