Goldman Sachs has reiterated its “Buy” rating on Mahindra & Mahindra (M&M), increasing the target price to ₹3,600, which implies a potential 24% upside from the current market price of ₹2,900. The brokerage highlighted a strong Q2 performance for M&M, driven by raised tractor guidance and growth potential in the SUV segment. As introductory pricing schemes roll off, Goldman sees improved margin opportunities in M&M’s automotive division.
Additionally, M&M’s strong position in the APAC region is underscored by its inclusion on Goldman Sachs’ APAC Conviction List, marking it as a key stock for long-term growth in the automotive and agricultural segments.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a financial advisor before making any investment decisions.
