Buy Mahindra & Mahindra, target price Rs 1055: Emkay Global

Emkay Global has buy call on Mahindra & Mahindra with a target price of Rs 1055. The current market price of Mahindra & Mahindra is Rs 830.1.

Time period given by analyst is one year when Mahindra & Mahindra Ltd. price can reach defined target.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 103172.55 Crore) operating in Auto sector.


Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Sale of services, Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 21735.96 Crore, up 12.23 % from last quarter Total Income of Rs 19368.16 Crore and down -8.87 % from last year same quarter Total Income of Rs 23851.74 Crore. Company reported net profit after tax of Rs 2031.54 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 19.46 per cent stake in the company as of 30-Sep-2021, while FIIs owned 44.07 per cent, DIIs 21.93 per cent.