Mahindra & Mahindra (M&M) is eyeing a leadership position in the electric vehicle sport utility segment, emboldened by a global investor’s interest in its newly set-up EV subsidiary. The maker of Scorpio and Thar plans to invest…
British International Investment (BII) has entered into an agreement with M&M for investing up to Rs 1,925 crore in the latter’s new four-wheeler arm, at a valuation of up to $9.1 billion (base valuations of $5.9 billion). M&M will…
New Delhi: After the latest corporate actions by Indian listed companies, international brokerages have shared their outlook on them. JP Morgan has maintained overweight on , while Citi remains bearish on . CLSA, meanwhile, has positive…
“The recent rally in auto stocks are due to multiple factors like decline in metals prices, improving chip availability and attractive valuations along with expected pick up in new launches ahead of good monsoon and festive season adding…
NEW DELHI: At a time when the market was rallying, auto sector sulked. And now, when the market is in total disarray, strength seems to have returned to auto counters, helped by healthy volumes and hopes of commodity benefits after the…
Indian market closed lower for the fifth consecutive day on Thursday following muted global cues. The S&P BSE Sensex plunged more than 1,000 points while the Nifty50 closed below 15,400 after it hit a fresh 52-week low.
Sectorally,…
As Nifty50 ended May on a negative note, domestic brokerage firm in its latest 'bulls vs bears' report has highlighted the valuations of Indian stock markets.
Apart from the valuations part, the brokerage has also cherry picked a number of…
Mahindra & Mahindra, a passenger car and utility vehicle maker, rose more than 30 per cent in the last 3 months compared to 0.5 per cent upside seen in the Nifty50 in the same period, and the rally may not be over yet.
The automaker has…
New Delhi: Homegrown auto major Mahindra & Mahindra (M&M) rallied over 3 per cent in the early trade on Tuesday to scale Rs 1,000 mark for the first time ever.
The scrip rose more than 5 per cent in the previous session and extended…