Buy Mahindra & Mahindra, price target Rs 545: Jayesh Bhanushali

Jayesh Bhanushali of IIFL has a buy call on Mahindra & Mahindra Ltd. with a target price of Rs 545.0. The current price of Mahindra & Mahindra Ltd. is Rs 522.9. Jayesh Bhanushali recommended to keep a stop loss at Rs 505.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 65006.54 Crore) operating in Auto sector.

Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car which contributed Rs 52222.45 Crore to Sales Value (97.40 per cent of Total Sales), Sale of services which contributed Rs 738.35 Crore to Sales Value (1.37 per cent of Total Sales), Other Operating Revenue which contributed Rs 528.45 Crore to Sales Value (0.98 per cent of Total Sales), Scrap which contributed Rs 124.75 Crore to Sales Value (0.23 per cent of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 23935.93 Crore, down 8.08 per cent from last quarter Sales of Rs 26041.02 Crore and down 5.88 per cent from last year same quarter Sales of Rs 25431.02 Crore Company has reported net profit after tax of Rs 22.33 Crore in latest quarter.