Mahindra & Mahindra shares will be in focus after UBS reiterated a Buy rating on the stock with a target price of ₹3,700 per share, implying a 24% potential upside from current levels.
UBS expects Mahindra & Mahindra to significantly outperform the auto industry in FY26, driven by strong growth momentum in its core SUV segment. The brokerage is forecasting 15-18% SUV volume growth for the company in the coming year.
The outlook for exports remains positive, with M&M continuing its efforts to expand its presence in right-hand drive (RHD) markets.
Additionally, UBS highlighted that M&M is gearing up to launch two new, cheaper electric vehicle (EV) variants — expected in Q1 and Q2 of FY26 — which could further strengthen its competitive positioning in the domestic EV market.
UBS remains constructive on M&M’s growth prospects across SUVs, EVs, and exports, and sees strong potential for further rerating in the stock.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
