Buy Mahindra & Mahindra, target price Rs 885: Axis Securities

Axis Securities has buy call on Mahindra & Mahindra with a target price of Rs 885. The current market price of Mahindra & Mahindra is Rs 840. Time period given by analyst is 4 weeks 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 105348.14 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 31-12-2021, the company reported a Consolidated Total Income of Rs 23785.49 Crore, up 9.43 % from last quarter Total Income of Rs 21735.96 Crore and up 8.77 % from last year same quarter Total Income of Rs 21867.78 Crore. Company reported net profit after tax of Rs 2066.60 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 19.47 per cent stake in the company as of 31-Dec-2021, while FIIs owned 44.36 per cent, DIIs 22.11 per cent.