Buy Mahindra & Mahindra, target price Rs 830: Motilal Oswal

Motilal Oswal has given a buy rating to M&M with a target price of Rs 830. The share price moved down by 0.11 per cent from its previous close of Rs 720.05. The stock’s last traded price is Rs 719.25.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 89460.14 Crore) operating in Auto sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 23566.75 Crore, up 44.39 % from last quarter Sales of Rs 16321.34 Crore and down -1.54 % from last year same quarter Sales of Rs 23935.93 Crore.


Promoter/FII Holdings
Promoters held 18.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 41.1 per cent, DIIs 29.9 per cent and public and others 10.2 per cent.