Buy M&M, target price Rs 605: CK Narayan

CK Narayan of Chart Advise has buy call on Mahindra & Mahindra Ltd. with a target price of Rs 605.0 . The current market price of Mahindra & Mahindra Ltd. is Rs 606.8 CK Narayan recommended to keep stoploss at Rs 582
Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 73503.76 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 % of Total Sales), Sale of services which contributed Rs 738.35 Crore to Sales Value (1.37 % of Total Sales), Other Operating Revenue which contributed Rs 528.45 Crore to Sales Value (0.98 % of Total Sales), Scrap which contributed Rs 124.75 Crore to Sales Value (0.23 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 26041.02 Crore, down -4.12 % from last quarter Sales of Rs 27158.77 Crore and down -.08 % from last year same quarter Sales of Rs 26061.51 Crore Company has reported net profit after tax of Rs 607.08 Crore in latest quarter. The company’s top management includes Dr.Pawan Goenka, Dr.Vishakha N Desai, Mr.Anand G Mahindra, Mr.Haigreve Khaitan, Mr.Keshub Mahindra, Mr.M M Murugappan, Mr.Nadir B Godrej, Mr.T N Manoharan, Mr.Vijay Kumar Sharma, Mr.Vikram Singh Mehta, Ms.Shikha Sharma. Company has B S R & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 1,243,192,544 shares outstanding.