Edelweiss Capital's ‘buy’ rating on Mahindra & Mahindra
Edelweiss Capital has initiated coverage on M&M with a ‘buy’ rating. The brokerage expects the operating divisions of M&M to perform well over the medium term, in terms of growth and profitability.
By ET Bureau |
CMP: Rs 574.20
Target Price: Rs na
Edelweiss Capital has initiated coverage on Mahindra & Mahindra (M&M) with a ���buy��� rating. The brokerage expects the operating divisions of M&M to perform well over the medium term, in terms of growth and profitability.
���We expect significant expansion in M&M���s addressable market through its entry into the passenger car. The company has significant value embedded in its investments, covering information technology (Tech Mahindra), real estate & infrastructure (Mahindra Gesco), hospitality (Mahindra Holidays), financial services (Mahindra & Mahindra Financial Services), and auto-component (Mahindra Ugine Steel and Mahindra Forgings) sectors,��� the report said.
Target Price: Rs na
Edelweiss Capital has initiated coverage on Mahindra & Mahindra (M&M) with a ���buy��� rating. The brokerage expects the operating divisions of M&M to perform well over the medium term, in terms of growth and profitability.
���We expect significant expansion in M&M���s addressable market through its entry into the passenger car. The company has significant value embedded in its investments, covering information technology (Tech Mahindra), real estate & infrastructure (Mahindra Gesco), hospitality (Mahindra Holidays), financial services (Mahindra & Mahindra Financial Services), and auto-component (Mahindra Ugine Steel and Mahindra Forgings) sectors,��� the report said.
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