Motilal Oswal Financial Services (MOSL) has reiterated its ‘buy’ rating on Mahindra & Mahindra (M&M), assigning a target price of ₹3,482, indicating an upside of over 15% from the current market price of ₹3,024.00.
The brokerage noted that M&M delivered a better-than-expected operating performance in Q4FY25, bolstered by strong traction in its core businesses. The outlook remains positive, supported by a healthy rural recovery and new product launches in both the utility vehicle (UV) and tractor segments.
MOSL has raised its earnings estimates by 4% and 6% for FY26 and FY27, respectively, reflecting confidence in the company’s growth trajectory.
The brokerage forecasts M&M to deliver a compound annual growth rate (CAGR) of ~13% in revenue, ~13% in EBITDA, and a robust ~18% in profit after tax (PAT) over FY25–FY27E.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult a certified financial advisor before making investment decisions.