M&M shares hit 52-week high on strong Q4; here's what analysts say
The country’s largest SUV manufacturer plans to invest ₹12,000 crore in its electric vehicle unit Mahindra Electric Automobile Limited (MEAL).
The country’s largest SUV manufacturer plans to invest ₹12,000 crore in its electric vehicle unit Mahindra Electric Automobile Limited (MEAL).
Analysts at brokerage firm Motilal Oswal gave a 'BUY' rating with a revised target price of ₹2,900 per share.
Bernstein has also revised the target price of Paytm to ₹1,100 per share, a potential upside of 31% from its current market price.
Bharat Forge's wholly-owned subsidiary, Kalyani Strategic Systems bagged two export orders worth ₹850 crore from friendly countries for the supply of components and armoured vehicle chassis.
Shares of PVR-Inox surged after the company earned record gross box office revenue of more than ₹100 crore this weekend on the back of record opening of Sunny Deol-starer Gadar 2
The company's better-than-expected March quarter results as well as the revision in discounts by ONDC (Open Network for Digital Commerce) have aided the investor sentiment.
In the January to March quarter this year, the company's revenues stood at ₹6,472.9 crore, up 11.4% as against ₹5,809.3 crore in the same period last year.
The auto major has also increased its capital expenditure outlay to ₹15,900 crore from ₹15,075 crore for FY22 to FY24.
For FY24, the company plans to "reorient the business to sustained profitable growth" amidst historic high inflation and slowing market growth.
In the March quarter, the company's revenue from operations (net sales) declined by 4.51% YoY to ₹13,691 crore, as against ₹14,339.49 crore in the March quarter last year.