Analyst's Pick: LARGE CAP: Anand Rathi Financial Services
We are optimistic about M&M’s volume growth in the rest of FY10 and expect residual growth of 11 per cent in tractors and 20 per cent in UVs.
By ET Bureau |
Mahindra & Mahindra
CMP: Rs 1,081
In October 2009, M&M had registered its highest ever monthly tractor sales, while utility vehicles (UVs) growth has also been robust. The tractor segment has continued to register good volumes despite concerns over inadequate monsoons.
A good rabi crop may be key towards ensuring good demand in FY11. We are optimistic about M&M’s volume growth in the rest of FY10 and expect residual growth of 11 per cent in tractors and 20 per cent in UVs.
CMP: Rs 1,081
In October 2009, M&M had registered its highest ever monthly tractor sales, while utility vehicles (UVs) growth has also been robust. The tractor segment has continued to register good volumes despite concerns over inadequate monsoons.
A good rabi crop may be key towards ensuring good demand in FY11. We are optimistic about M&M’s volume growth in the rest of FY10 and expect residual growth of 11 per cent in tractors and 20 per cent in UVs.
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