Archive · 31 Jul 2026
M&M Shares Rise 3% as Brokers Forecast 25% Upside
Mahindra & Mahindra’s stock went up about 3% after the company released its first‑quarter earnings.
Analysts from several brokerages said the company plans to double the number of SUVs it can make in the next five years, which could make the stock worth more.
The earnings were close to what analysts expected, even though the company had to deal with higher commodity costs.
The brokerages raised their price targets and gave the stock a ‘Buy’ rating.
They think the company’s auto sales will grow about 16% each year through 2028, and the stock could rise 20‑25% from today’s level.
M&M shares up over 3% after brokerages raised target prices.
Analysts expect the company to double SUV production capacity within five years.
Q1 earnings largely met estimates despite commodity inflation and hedging losses.
Brokerages such as Nuvama, JM Financial, and Motilal Oswal raised price targets, citing strong launch pipeline.
Forecasts project auto revenue growth of ~16% annually through FY26‑FY28 and potential 20‑25% stock upside.
- Who
- Mahindra & Mahindra
- What
- Share price rally and brokerages’ positive outlook
- When
- Following Q1 earnings release
- Where
- India
- Why
- Plans to double SUV capacity and a strong launch pipeline
- Company
- Mahindra & Mahindra
- Share price movement
- +3%
- Target price upside
- 25%
- SUV capacity target
- Double in 5 years
- Auto revenue growth forecast
- 16% CAGR FY26‑FY28