Tag: Mahindra & Mahindra

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Daily Market Feed Post Market Analysis

Flat Expiry for Nifty! What Next? – Post-Market Analysis

post-market analysis | marketfeed

NIFTY started the day flat at 19,457 with a small gap-up of 14 points. There was huge volatility in the first 30 minutes. Later, the index tried moving up but took resistance at the opening levels (19,460) and fell gradually to 19,380 levels. Nifty closed at 19,395, down by 48 points or 0.25%.

Nifty chart November 9 - post-market analysis

BANK NIFTY (BNF) started the day flat at 43,626. Unlike Nifty, BNF was bullish and moved up more than 300 points to 43,880 levels. Post 12 PM, there was a slow correction till 43,650. BNF closed at 43,683, up by 25 points or 0.06%.

All indices except Nifty Realty (+1.23%) and Nifty Auto (+0.83%) closed flat-to-red. Nifty FMCG (-0.9%) fell the most.

Major Asian markets closed mixed (Japan’s Nikkei closed 1.58% in the green). European markets are currently trading in the green.

Today’s Moves

Mahindra & Mahindra (+4.35%) was NIFTY50’s top gainer. The automaker is expected to report a healthy rise in Q2 earnings, led by robust automobile sales even as weak tractor sales will cap gains.

SPARC (+8.08%) surged on the back of strong volumes. 

Adani Ent (-2%) was NIFTY50’s top loser. 

Shares of MTAR Tech (-11.4%) fell the most since June 2022 after the company posted weak Q2 results. It has also cut revenue, margin guidance for FY24.

KRBL (-8.9%) fell sharply after the company (a top exporter of branded basmati rice) reported a 28.1% YoY drop in Q2 profit as it was hit by weak demand.

Markets Ahead

Bank Nifty is holding the upper levels, while Nifty is looking a bit weak. Both indices are holding their respective resistance zones, as those were the levels from where the indices gave a breakdown. So if the indices can cross major resistances, we could see a clear change in trend in the coming days.

Nifty: The major support to watch out for is near the closing level of 19,380. A breakdown from there could take the index down to 19,320 levels and 19,280 levels eventually. Meanwhile, the index has an important resistance at 19,460 levels. A breakout from there may take the index up to 19,500 and 19,550 levels.

Bank Nifty: The index is respecting a trend line and has formed a triangular pattern. If BNF breaks down from this trendline or 43,500, we could expect a fall to 43,300 and 43,000 levels. On the other hand, a breakout from the 44,000 resistance level might take the index up to 44,500.

After the volatility we’ve experienced, the indices are now staying within a certain range. If this consolidation continues tomorrow, it might be a sign that the markets are gearing up for some bug movement in the upcoming weeks, especially with Diwali and upcoming state assembly elections.

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Daily Market Feed Post Market Analysis

Rejection from the Top! More Fall Incoming? – Post-Market Analysis

NIFTY started the day at 19,232 with a gap-up of 92 points. There was an immediate sell-off till the previous swing or support zones of 19,100. Then, Nifty consolidated with a bit of volatility and gave a negative closing at 19,079, down by 61 points or 0.32%.

Nifty chart October 31 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 43,356 with a gap-up of 317 points (near the 50% Fibonacci rejection levels). It quickly came under selling pressure and fell to yesterday’s breakout levels of 42,800. Then, the index tried moving up but 43,000 round levels acted as resistance and pushed the index down. BNF closed at 42,845, down by 193 points or 0.45%.

Bank Nifty chart October 31 - post-market analysis | marketfeed

All indices except Nifty Realty (+1.27%), Nifty Media (+0.91%), Nifty FMCG (+0.19%), and Nifty PSU Bank (+0.14%) closed in the red.

Major Asian markets closed mixed. European markets are currently trading up to 1.4% in the green.

Today’s Moves

SBI Life (+3.14%) was NIFTY50’s top gainer. The stock has been moving up after the company reported strong Q2 earnings; a 45% YoY rise in its net profit and a 19% growth in net premium income.

FACT (+10%) surged on the back of long volumes.

Piramal Pharma (+9.48%) rallied up to 13% on positive guidance for the second half of FY24.

Mahindra & Mahindra (-2.62%) was NIFTY50’s top loser. Shares of the company’s subsidiary, M&M Financial Services, have tanked on the back of poor Q2 results.

DCM Shriram (-4.8%) fell sharply after the company posted weak Q2 results today.

Shares of Butterfly Gandhimathi (-7.04%) fell after public shareholders of the company voted against its merger with Crompton Greaves Consumer Electricals.

Markets Ahead

As discussed earlier, major indices are taking proper rejection from Fibonacci levels. The rise in India Vix and selling pressure from the top is indicating some bearishness in the markets. So even if today’s lows are breached, markets can fall further. The up-move in the last two trading sessions (Friday and Monday) can be considered a retracement.

Nifty: The immediate support for the index is near 19,075 (where the markets closed today). If there’s a flat or gap down opening, the index could move down— giving us targets of 19,000 and 18,940 again. On the other hand, the important resistance to watch out for will be today’s high of 19,250. If the index crosses 19,150, we can expect Nifty to test 19,250 again.

Bank Nifty: The index is looking weak. BNF is currently at yesterday’s breakout levels of 42,800. If there is a flat or gap down opening tomorrow, BNF could achieve targets of 42,400 and 42,200 on the downside. If the resistance at 43,075 is taken out, 43,300 can be tested again.

Markets are facing rejections at the top. The rise in India Vix also indicates the markets to be bearish. So you could look for sell-on-rise opportunities, which will be ideal till major resistance zones are breached in Nifty and Bank Nifty.

How was FIN NIFTY expiry? Are you in net profit or loss? Let us know in the comments section!

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Daily Market Feed Post Market Analysis

Nifty Closes Below 19,000 On Monthly Expiry! – Post-Market Analysis

NIFTY started the day at 19,027 with a gap-down of 95 points.  Then, it fell sharply by 195 points to 18,850 levels. Post 11:30 AM, the index mostly consolidated in a nearly 70-point range. Nifty closed at 18,857, down by 264 points or 1.39%.

Nifty chart October 26 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 42,708 with a gap-down of 124 points.  Initially, the index crashed 610 points to 42,105. For the rest of the day, BNF traded in a 270-point zone (with a positive bias) to close at 42,280, down by 551 points or 1.29%.

Bank Nifty chart October 26 - post-market analysis | marketfeed

All major indices closed in the red. Nifty Metal (-1.6%), Nifty Auto (-1.59%), and FIN NIFTY (-1.57%) fell the most.

Major Asian markets closed in the red (Japan’s Nikkei fell 2.1%). European markets are currently trading up to 1% in the red.

Today’s Moves

Axis Bank (+1.7%) was NIFTY50’s top gainer. The lender reported a 10% YoY rise in net profit to ₹5,863 crore in Q2; beating street estimates.

Prism Johnson (+12.02%) jumped on the back of strong volumes.

Sonata Software (+8.2%) hit a 52-week high after the IT services provider announced its Q2 FY24 earnings.

Mahindra & Mahindra (-4.06%) was NIFTY50’s top loser. It fell amid huge selling pressure in auto stocks.

Bajaj Finance (-3.54%) and Bajaj Finserv (-3.16%) fell today. Bajaj Finserv Mutual Fund launched its banking and PSU fund today.

Delta Corp (-5.45%) fell sharply after yesterday’s strong up-move. The Bombay High Court provided interim relief to the company by retraining tax notices worth over ₹16,000 crore it received from the Directorate General of GST Intelligence (DGGI).

Markets Ahead

Nifty has fallen for the sixth straight session, its longest losing streak since February 2023! India VIX, a measure of market volatility, jumped by 10% on the monthly F&O  expiry day, signalling a sense of unease in our markets.

As long as Nifty stays below 19,000, we can expect bearish sentiments to continue, possibly reaching levels between 18,800 and 18,725. However, if the index manages to break through the 19,000 mark, there could be a small bounce back, potentially pushing it towards 19,100-19,150.

The Israel-Hamas conflict remains a significant challenge for geopolitical stability, which can impact global stock markets. Elevated US Treasury bond yields are also posing a major threat.

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Daily Market Feed Post Market Analysis

Fin Nifty Falls 200 Points in 10 Mins on Expiry Day! – Post-Market Analysis

post-market analysis | marketfeed

NIFTY started the day at 19,521 with a gap-down of 21 points. After a small consolidation initially, the index broke the round level support of 19,500 and continued to move down strength to 19,255 level— a fall of nearly 300 points from the day’s high! Nifty closed at 19,281, down by 260 points or 1.34%.

Nifty chart October 23 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 43,822 with a small gap-up of 99 points (near the resistance zone of 43,800). The index initially fell to the 43,600 swing low (created last Friday). Then, it mostly consolidated till 2:30 PM, post which there was a fall of more than 575 points to 43,000 levels. The intraday fall was 800 points from the day’s high to the day’s low! BNF closed at 43,151, down by 571 points or 1.31%.

Bank Nifty chart October 23 - post-market analysis | marketfeed

All major indices closed in red. Nifty Media (-4.98%), Nifty PSU Bank (-3.7%), and Nifty Metal (-3.26%) fell the most.

Major Asian markets closed in the red. European markets are currently trading in the red.

Today’s Moves

Mahindra & Mahindra (+0.4%) was NIFTY50’s top gainer.

BSE (+7.52%) moved up sharply after the exchange said it would increase transaction charges on the equity derivatives segment, with effect from November 1.

Shares of CreditAccess Grameen (+7.4%) hit a 52-week high on the back of strong Q2 results and a rise in FY24 revenue guidance.

LTI Mindtree (-3.97%) was NIFTY50’s top loser. The stock has been witnessing a correction since the IT firm reported its Q2 results last week.

Laurus Labs (-9.6%) fell sharply after the pharma company reported a decline in net profit and revenue in Q2.

Markets Ahead

The Indian stock markets were under severe selling pressure post 2:30 PM today— there was a fall of more than 550 points in Bank Nifty, 200 points in Fin Nifty, and 150 points in Nifty! Now, all these indices are at major long-term support zones. If those supports are breached, we could see more bearishness in the markets.

Nifty: As you can see in the chart below, Nifty is at a very important support zone of 19,200-250 levels. If that level is breached, the index may fall to 18,800 levels. On the other hand, the important hurdle to cross on the upper side would be 19,500 levels.

Bank Nifty: Bank Nifty broke the important support zone near 43,500. Now, the 43,000 round level can still be considered as support. If that level is breached, we could expect a further decline to 42,600 levels. Meanwhile, the important resistance to watch out for will be 43,600 levels.



Our markets fell sharply today after the benchmark 10-year US treasury note rose above 5%. Moreover, deepening conflict in the Middle East has hurt investor sentiments in the overall Asian markets.

The Indian markets will be closed tomorrow (Oct 24) on account of Dussehra!

marketfeed wishes all our readers a very happy and prosperous Dussehra!

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Market News Top 10 News

Bajaj Finance’s Net Profit Rises 28% YoY in Q2 – Top Indian Market Updates

Here are some of the major updates that could move the markets tomorrow:

Bajaj Finance Q2 Results: Net profit rises 28% YoY to ₹3,551 crore

Bajaj Finance Ltd reported a 28% YoY increase in consolidated net profit to ₹3,551 crore for the quarter ended September (Q2 FY24). Total revenue from operations grew 34% YoY to ₹13,378.26 crore during the same period. Net Interest Income (NII) rose 26% YoY to ₹8,059 crore. The gross non-performing assets (NPAs or bad loans) rose from 2.46% in Q2 FY23 to 2.51% in Q2 FY24.

Read more here.

L&T Tech Q2 Results: Net profit rises 5% YoY to ₹315 crore

Larsen & Toubro Tech reported a 5% YoY rise in net profit to ₹315 crore for the quarter ended September 2023 (Q2 FY24). Net profit stood at ₹300 crore in Q2 last year. Its revenue from operations rose 5% YoY to ₹2,387 crore during the same period. The company’s board also declared a dividend of ₹17 per equity share. 

Read more here.

Titan to raise ₹2,500 crore via NCDs

Titan Company Ltd’s board has approved the proposal to raise funds through multiple avenues, with a fundraising target of up to ₹2,500 crore. The proposal is to issue rated, listed, redeemable, and unsecured non-convertible debentures (NCDs) on a private placement basis. Additionally, the board has approved availing long-term unsecured loans of ₹1,000 crore.

Read more here.

Dabur gets GST tax demand notice of ₹321 crore

Dabur India Ltd has received a notice to pay Goods and Services Tax (GST) of ₹321 crore along with interest and penalty. The company said that there will be no impact on the financial, operation or other activities of the company due to this intimation of tax being payable. 

Read more here.

TRF signs pact to sell Sri Lankan subsidiary

TRF Ltd is planning to sell its Sri Lankan subsidiary, Dutch Lanka Trailer Manufacturers Ltd, to United Motors Lanka Plc at a valuation of ₹19 crore. TRF Singapore Pte Ltd and a wholly-owned subsidiary of TRF Ltd have signed a share purchase agreement to sell its entire stake in the Sri Lankan subsidiary. 

Read more here.

Indian govt to divest up to 7% in HUDCO

The Department of Investment and Public Asset Management (DIPAM) announced that the Indian government will divest up to 7% equity in Housing and Urban Development Corporation Ltd (HUDCO) through an offer for sale (OFS). The offering includes a base size of 3.5% and an additional 3.5% greenshoe option, providing flexibility to meet investor demand.

Read more here.

Ajmera Realty secures residential redevelopment project in Mumbai

Ajmera Realty secured the redevelopment project of a housing society in Versova, Mumbai. The project will primarily comprise 3 BHK residential apartments and is estimated to generate sales of around ₹360 crore. The emerging area, benefitting from redevelopment efforts and convenient metro access, is poised for substantial growth in both demand and property values.

Read more here.

Bajaj Finance to acquire up to 26% stake in Pennant Technologies

Bajaj Finance Ltd has entered into a binding term sheet to acquire up to 26% stake in Pennant Technologies Pvt. Ltd. The consideration for this acquisition will be ₹267.5 crore and will be paid entirely in cash. Bajaj Finance will acquire 5,71,268 Compulsorily Convertible Preference Shares (CCPS) of the face value of ₹100 each and another 4,22,738 equity shares from promoters and existing shareholders of Pennant Technologies.

Read more here.

IT Dept moves Bombay High Court against Mahindra & Mahindra

The Income Tax Department (IT) has filed an appeal before the Bombay High Court against an Income Tax Tribunal order that gave relief to Mahindra & Mahindra (M&M) in a ₹194.73 crore tax dispute. M&M received an intimation from the Principal Commissioner of Income Tax-2, informing of the appeal under the provisions of Section 260A of the Income Tax Act, 1961. The appeal is against reliefs provided on various disallowances and additions made by the IT Department.

Read more here.

CCI approves IDFC’s merger plan with IDFC First Bank

The Competition Commission of India (CCI) has approved the merger plan of IDFC with IDFC First Bank. The merger plan is still subject to clearances from the Stock Exchanges, Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), and National Company Law Tribunal (NCLT). The proposal also needs approval from shareholders and creditors.

Read more here.

Maruti Suzuki to issue shares worth ₹12,800Cr to Suzuki

Maruti Suzuki has received board approval to acquire 100% equity capital of Suzuki Motor Gujarat (SMG) from parent company Suzuki Motor Corporation (SMC). The acquisition will be executed through a share purchase agreement, with Maruti Suzuki issuing shares to SMC as consideration. Suzuki Motor Gujarat will later become a wholly-owned subsidiary of Maruti Suzuki.

Read more here.

Coal India, partners to invest ₹3,095 crore in fertiliser JV

According to a Reuters report, Coal India, GAIL, and Rashtriya Chemicals & Fertilizers (RCF) will invest ₹3,095 crore in their fertiliser joint venture in Odisha. GAIL and RCF will put in 17.3 billion rupees, while Coal India will invest 13.64 billion rupees in Talcher Fertilizers to maintain their current stakeholding. Each of the three firms holds a 31.85% stake in Talcher Fertilizers.

Read more here.

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Daily Market Feed Post Market Analysis

Nifty to Turn Bearish? – Post-Market Analysis

bearish - post-market analysis | marketfeed

NIFTY started the day at 19,840 with a gap-down of 60 points.  After opening, the index continued the down move to 19,740 levels— a fall of more than 100 points. It then tried moving up, but the 19,800 round level acted as resistance, and the index continued the decline to 19,710 levels. Nifty closed at 19,742, down by 159 points or 0.8%.

Nifty chart Sept 21 - post-market analysis

BANK NIFTY (BNF) started the day at 45,179 with a gap-down of 205 points. After an initial attempt to recover, 45,300 (near yesterday’s closing level) acted as resistance, and the index continued to move down throughout the day— falling nearly 680 points to 44,600 levels. BNF closed at 44,623, down by 760 points or 1.68%.

Bank Nifty chart Sept 21 - post-market analysis

All indices closed flat-to-red. Nifty PSU Bank (-2.28%) fell the most.

Major Asian markets closed up to 1.3% in the red. European markets are currently trading in the red.

Today’s Moves

Adani Ports (+1.6%) was NIFTY50’s top gainer. 

KSB (+13.54%) on the back of a strong business outlook, driven by a healthy order intake of ₹616.5 crore in the June quarter. [KSB is a leading supplier of pumps, valves and water systems.]

M&M (-3.08%) was NIFTY50’s top loser. The automaker’s Canada-based associate firm Resson Aerospace Corporation has ceased to exist.

Public sector banks Punjab & Sind Bank (-5.89%), UCO Bank (-5.13%), Central Bank (-4.19%), Union Bank (-3.2%), and others fell sharply today.

BLS International Services (-2.7%) fell amid reports that Indian visa services in Canada have been suspended until further notice.

SJVN (-13%) crashed following the government’s decision to offload a 4.92% stake in the company via an offer-for-sale (OFS) route.

Markets Ahead

Nifty is at a very crucial support zone, which can decide the further trend in the index. On the other hand, Bank Nifty has breached the important technical supports and turned bearish.

Nifty: Nifty had made a strong 900-point rally from 19,300 levels to 20,200 recently. This has been followed by a 50% retracement now. In terms of price action, hitting the 50% retracement level could indicate a shift towards bearish sentiment. So today’s low, which is the 50% retracement support, will act as a very crucial level. If that’s breached, we can expect a sell-on-rise scenario with targets of 19,630 and 19,560.

If the index takes support, moves up, and breaks the resistance at 19,760, it may reach an initial target of 19,800, followed by targets at 19,840 and 19,900.

Bank Nifty: The index has breached the 50% retracement level and turned bearish. The next round level support is near 44,500. A breakdown from there can give us targets of 44,325 and 44,250. Meanwhile, the immediate resistance for BNF is near the 44,750 level. A breakout can give us targets of 45,000 and 45,100.

Markets have to hold these levels to continue the uptrend. If not, the indices can turn bearish in the coming weeks.

Being Nifty expiry today, premiums were well balanced and the spikes were minimal, despite the index falling. So it was an easy day for option sellers. The directional move would also have been favourable for option buyers.

How did expiry trading go? Let us know in the comments section!

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Daily Market Feed Pre Market Report

Can NIFTY Stay Above Supports? – Pre-Market Analysis Report

Here are some of the major updates that could move the markets today:

Stocks

Jio Financial Services will get listed on the market today. Intraday trading is restricted for the stock for 10 days, and it will have a circuit limit of 5%. The share price is expected to be around ₹300.

Titan acquired an additional 27.18% equity stake in CaratLane from its founder and his family members, for Rs 4,621 crore in cash. This will take their shareholding to more than 98%.

M&M announced a proactive inspection of certain wiring and spring parts in XUV models. Inspection and rectification will be carried out for free.

KEC International has secured new orders worth Rs 1,007 crore across its various businesses.

What Happened on Friday?

NIFTY started the day at 19,301 with a small gap-down. The index tried moving up but fell to 19,250 levels. There was good buying and a failed breakout after 2 PM. Nifty closed at 19,310, down by 55 points or 0.28% 

BANK NIFTY started the day at 43,724 with a gap-down of 166 points. The index mostly consolidated throughout the day between 43,770 and 43,960 levels with a negative bias. BANK NIFTY closed at 43,851, down by 40 points or 0.09%. 

U.S. markets closed flat. The European markets closed in the red.

What to Expect Today?

The Asian markets are trading mixed.

The U.S. Futures are trading flat.

GIFT NIFTY is trading flat at 19,320.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 19,240, 19,200 and 19,130. We can expect resistances at 19,360, 19,438, 19,560 and 19,620.

BANK NIFTY has supports at 43,680 and 43,540 and 43,470. Resistances are at 43,960, 44,100 and 44,277.

NIFTY has the highest call OI build-up at 19,400. The highest put OI build-up is at 19,300. PCR is at 0.83.

BANK NIFTY has the high call OI build-up at 44,000. The highest put OI build-up is also at 43,500. PCR is at 0.77.

Foreign Institutional Investors net-sold shares worth Rs -339 crores. Domestic Institutional Investors net-bought worth Rs 267 crores.

INDIA VIX is at 12.14. 

I was looking for this week’s direction from the market on Friday. Our market moved down till the important support of 19,240 then easily bounced up. The 1-day chart confirms that it is a good buying zone.

The market is weak with NIFTY closing at the worst level since 30 June.

Friday gave a trend of a consolidation week, keeping this as the current expectation of the week. 

But we will be keeping strict stop losses on the lower side, to prevent damage from a fall. Again, keep in mind that we are near very important support in NIFTY. 

BANK NIFTY is trapped in a very wide consolidation zone around June ranges. Expect some volatile up and down movements within them!

Today’s expectation is a flat opening followed by selling till 19,240 again. From here, expecting buying to kick in and keep the market stable.

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades. Follow along on the marketfeed app, or on our website for trades!

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Editorial

Is Mahindra & Mahindra Turning Tables? Share Prices To Zoom?

Mahindra & Mahindra also known as M&M is well recognized for its flagship vehicles like the Bolero, Thar, and XUV series. While the company has faced stiff competition from companies like Maruti Suzuki, Hyundai, and Tata Motors, things seem to be changing gradually. The automaker has recently announced the launch of its new vehicle, the XUV 700. Starting at just Rs 11.99 lakh (ex-showroom price), XUV 700 has sent petrol heads abuzz because of the dazzling features it offers. The company has also seen immense growth in its commercial vehicle, electric vehicle, and farm sector equipment segments. In this piece, we discuss how Mahindra is revamping its strategy and how it could add to its profitability in the coming years.

What’s Cooking?

Farm Equipment Sector

Mahindra is the largest farm equipment manufacturer in India. As of June 2021, it holds a 41.8% market share in FES, the highest in the last eight quarters. India had a healthy monsoon this year. The ongoing monsoons coupled with the upcoming rabi Kharif sowing season can give a boost to this segment. 

New Launches

The company launched the updated versions of their flagship PVs, Mahindra Thar, and Mahindra Bolero Neo. With high demand, the Mahindra Thar has a 10 month waiting period while the Bolero Neo already had 4000 bookings before the first model hit the showroom. The company has launched its latest SUV variant, XUV 700. The variant comes with features that were seldom seen in earlier models.  One can expect a huge waiting period since the launch of XUV 700 has set the auto market abuzz. The XUV 700 is expected to contribute significantly in terms of sales. 

In the small commercial vehicle segment, the company launched its ‘Supro Profit’ range of trucks in July. The vehicle was met with a healthy demand in the market. 

Electric Vehicle

The company is forraying into a different segment of electric vehicles (EVs). Mahindra’s Reva, e3o, and e-Verito were a huge success in the segment. Nonetheless, it hasn’t been able to compete with counterparts such as Tata’s Nexon or Tigor EV. Apart from passenger vehicles, Mahindra is one of the few companies that manufacture electric three-wheelers/rickshaws. As public transportation in India is shifting gears and progressing towards electric vehicles, a boost in sales of this particular segment could contribute immensely to revenue flow.

Mahindra CEO Anish Shah has said the company plans to invest Rs 3,000 crores in its EV-arm over a period of three years. The company has also set a goal of having 5 lakh electric vehicles on road in India by 2025.

Financial Performance and Future Prospects

In the first quarter of FY22, M&M’s profit was Rs 423.9 crore against a loss of Rs (-)97.6 crore in the same quarter last year. The company’s revenue for Q1 FY22 was up 17.24% and Operating Expenses went up by 24.57% over the same period.

However, M&M’s share price hasn’t performed well as compared to the NIFTY Index. As of June 29, 2021, M&M’s share price has only returned 25.36% over a year, compared to NIFTY 50 return of 45%. In 2013, M&M had acquired South Korean automaker Ssangyong for Rs 32,000 crore. Ssangyong remained a liability for M&M all these years contributing hugely to M&M’s losses. The company filed for bankruptcy in December 2020. 

The last quarter has been fruitful for Mahindra & Mahindra. There has been a significant boost in sales in the Farm Equipment Sector (FES). In the Commercial Vehicle (CV) segment, the company has launched the Mahindra Supro Profit. Mahindra has also launched the latest version of their flagship Passenger Vehicles(PVs) – Thar and the Bolero Neo. The company is planning to draw competition by launching more vehicles in the SUV and the EV segment by the end of 2021. 

While companies like Maruti Suzuki and Hyundai rule the auto sector in India, their focus has not been on EVs as such. Mahindra on the other hand has already invested Rs 500 crore in Research and Development (R&D) for EVs. With a lineup of new vehicles, Mahindra’s focus on EV and recovering auto market indicate a healthy revenue growth for the company.