Buy Mahindra & Mahindra, target price Rs 1040: Motilal Oswal

Motilal Oswal has buy call on Mahindra & Mahindra with a target price of Rs 1040. The current market price of Mahindra & Mahindra Ltd. is Rs 868.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 107386.97 Crore) operating in Auto sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 21867.78 Crore, down -8.32 % from last quarter Total Income of Rs 23851.74 Crore and down -13.58 % from last year same quarter Total Income of Rs 25303.23 Crore. Company reported net profit after tax of Rs -272.59 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 18.9 per cent stake in the company as of June 30, 2020, while FIIs held 33.4 per cent, DIIs 28.5 per cent and public and others 19.2 per cent.