Buy Mahindra & Mahindra, target price Rs 820: Kotak Securities

Kotak Securities Limited has buy call on Mahindra & Mahindra Ltd. with a target price of Rs 820. The current market price of Mahindra & Mahindra Ltd. is Rs 792.1.

Time period given by analyst is Intra Day 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 98435.99 Crore) operating in Auto sector.


Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 21770.81 Crore, down -.44 % from last quarter Total Income of Rs 21867.78 Crore and up 6.20 % from last year same quarter Total Income of Rs 20499.55 Crore. Company reported net profit after tax of Rs 797.23 Crore in latest quarter.

Investment Rationale
Gradual up move post its downward phase creating higher high and higher low on the intraday charts

Promoter/FII Holdings
Promoters held 18.9 per cent stake in the company as of March 31, 2021, while FIIs held 44.7 per cent, DIIs 26.8 per cent and public and others 9.6 per cent.