Stock Outlook: M&M a Hot Pick?

by khalid on 11/09/2011 · 1 comment

“Mahindra and Mahindra” has been rated as a hot pick in the latest reports by the experts. The company has witnessed significant improvements in its results and all the reports in the markets predict a great future for the company. The stock is expected to reach the target of Rs. 950 as per expectations.

Mahindra & Mahindra has diversified its business in the recent years and has met all the requirements of the consumers with great success. The M&M group stands at US $12.5 billion with more than 119,900 employees in over 100 countries across the globe.

Some of the key operative components of the group are aerospace, automotive, construction, information technology, logistics, retail, agribusiness, and many more sectors. The company has been expanding at a rapid pace and the experts are bullish on the company as per the recent trends.

Mahindra & Mahindra has outperformed in the market and has been better and above the market expectations in the FY12 results. The company witnessed a rise of about 30.38% in its sales, its sales went up to 37,684 units in August 2011 as compared to the same corresponding month in the year 2010.

The auto sales volume of M&M rose about 21% in the month April-June in the domestic market. The net profit of the company rose by 8% YoY to Rs. 604.9 crore which is backed by a strong volume growth in its utility vehicle and farm equipment sectors. According to market estimates M&M is expected to attain a top line of Rs. 39,007 crore in the Fiscal Year13.

Bell The Bull says that you must remains Bullish on Mahindra & Mahindra

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