Mahindra & Mahindra (M&M) shares jumped nearly 3% after Citi reiterated its Buy rating, setting a target price of ₹3,520.
In 2024, M&M reported impressive growth, with domestic UV volumes up 18% YoY, driven by successful models like the 3XO and Thar Roxx. Tractor volumes also rose 22% YoY, reflecting strong demand in agriculture.
Citi remains bullish on M&M’s growth trajectory, citing strong performance and optimistic outlook for 2025. The company’s strong presence in the domestic market and innovative model launches are expected to fuel sustained growth, making it a top stock pick for investors.
Mahindra & Mahindra shares opened at ₹3,100.00, with a high of ₹3,172.80 and a low of ₹3,085.05. The stock has reached a 52-week high of ₹3,222.10 and a 52-week low of ₹1,575.00.
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