Mahindra & Mahindra

Anand Mahindra, Neotia and Mitra to resign as NACIL independent directors

Anand Mahindra, Neotia and Mitra to resign as NACIL independent directorsAccording to recent reports, Mahindra & Mahindra vice-chairman, Anand Mahindra has decided to resign from the board of Nacil. The reason for the resignation is cited as "conflicting interests".

Anand Mahindra reportedly sent a letter to Indian civil aviation minister stating his desire to step down from the board. Mahindra has recently sought a business opportunity at Aero-India 2011 in Bangalore.

Buy Mahindra & Mahindra With Target Of Rs 883

Mahindra & MahindraWith a significant rural presence, M&M would benefit from strong monsoons this year. The automobile segment is expected to record growth of 22.4% in FY11 and 13.2% in FY12, led by new product launches. The tractor segment too would grow 15.8% in FY11, underpinned by higher crop output.

Mahindra enters into machinery for construction industry

Mahindra enters into machinery for construction industryMahindra & Mahindra Ltd has decided to enter in to the construction equipment business. The government is also focusing on infrastructure development of the country and the company is looking forward to grab the opportunity. Mahindra and Mahindra Ltd is the leading tractor-to-technology company with a networth of $7.1 billion. It has introduced its earth moving machines on Monday.

The company has identified its niche market in this sector. Around 54,000 machines are being used for construction of buildings, roads and ports and other construction activities.

Mahindra & Mahindra Monthly Sales Update by PINC Research

Mahindra & Mahindra Monthly Sales Update by PINC ResearchMahindra & Mahindra Automobile division dispatches for the month of Jan'11 surpassed our estimates with robust performance by passenger UV segment. Overall dispatches for the month grew by 21.8% YoY to 37k units. The UV segment comprising of Scorpio, Xylo and Bolero witnessed a growth of 11.5% to 16k units against our expectation of a flat growth. Pickups and SCV segment grew by 17% to 10k units. During the month M&M launched its new pickup Genio based on the Ingenio platform. Logan sales doubled YoY to 1,120 units.

A year after its pact with M&M ended, Renault is all ready

Mahindra-RenaultIt has been a year since the alliance between Mahindra & Mahindra and Renault ended. And this time around, it is getting to come out with something new. But the question that experts and all related to industry are asking is whether it is going to be second time lucky.

Sources close to the company have said that it is going to come out with a sports utility vehicle, Koleos by the end of October. But before that it is going to launch Fluence sedan in the country somewhere in May or June this year.

Buy Mahindra & Mahindra With Stop Loss Of Rs 725

Buy Mahindra & Mahindra With Stop Loss Of Rs 725Stock market analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Mahindra & Mahindra Limited stock to achieve a target of Rs 755.

The analyst said that the stock can be purchased with a stop loss of Rs 725.

The analyst added that the investors need to hold the stock for 1-2 trading sessions to attain the said target.

The stock of the company, on January 11, closed at Rs 735.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 475.55 on BSE.

M&M Auto Sales Zoom 42% In December

M&M Auto Sales Zoom 42% In DecemberAuto-manufacturer Mahindra & Mahindra has registered a 41.92% growth in its sales, which stood at 34,062 units during the last month of 2010 as against the corresponding period of 2009.

In a declaration, the auto manufacturer said that it had sold around 24,001 units during the same period of 2009.

Overall sales of M&M utility vehicles, which consist of Scorpio, Xylo, Bolero and Pick-Ups, remained at 14,705 units as compared to sales of 11,904 units during December 2009, registering 23.53% growth.

Buy Mahindra & Mahindra With Stop Loss Of Rs 760

Buy Mahindra & Mahindra With Stop Loss Of Rs 760Technical analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Mahindra & Mahindra Limited stock with a target of Rs 805.

Mr. Zaveri said that the stock can be bought with a stop loss of Rs 760.

The analyst said suggested that the said target can be attained if the investors hold the stock for 1-2 trading sessions.

The stock of the company, on December 30, closed at Rs 775.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 475.55 on BSE.

M & M to raise vehicle prices from next year

Senior officials at Mahindra and Mahindra claim that the high cost of raw materials is shrinking their profit margin and hence the company is planning to hike the prices of all its categories of vehicles from January 2011.

The prices of steel and rubber are increasing which has increased the input costs for Indian automobile companies and thus will be reflected in the final prices. M & M raised its prices in October this year by 1%-2% varying on the kinds of models. This time, the hike would be in both the passenger as well as the commercial vehicle segment.

Within the first half of next year, the company has also announced a new pickup truck which would have a carriage of 1.2 tonnes.

Buy M&M With Target Price Of Rs 872

Buy M&M With Target Price Of Rs 872PINC Research has maintained buy rating on Mahindra & Mahindra Ltd (M&M) stock with a price target of Rs 872 in its report dated Dec 15, 2010.

As per reports, M&M, with significant rural presence, is expected to benefit from strong monsoons this year. The automobile segment is expected to grow 20.8% and 13.2% in FY11 and FY12 respectively, on new product launches. The tractor segment too is expected to grow 10.3% in FY11, due to higher crop output.

What will move the stock?

Long Term Buy Call For Mahindra & Mahindra

Mahindra & MahindraTechnical analyst A. K Prabhakar of Anand Rathi has maintained 'hold' rating on Mahindra & Mahindra Limited to achieve long term target.

The analyst said that the stock can be purchased with a target of Rs 1200.

Mr. Prabhakar said that the said target can be attained in a period of 12 months.

Today, the stock of the company opened at Rs 755 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 475.55 on BSE.

Current EPS & P/E ratio stood at 39.73 and 19.10 respectively.

Short Term Buy Call For Mahindra & Mahindra

Short Term Buy Call For Mahindra & MahindraTechnical analyst Sanjeev Agarwal of Dynamix Research is bullish on Mahindra & Mahindra Ltd and has recommended 'buy' rating on the stock with a short term target of Rs 820.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 759.

The stock of the company, on Nov 24, closed at Rs 784.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 475.55 on BSE.

Current EPS & P/E ratio stood at 39.73 and 19.71 respectively.

PINC Result Review – Mahindra & Mahindra

Mahindra & MahindraMahindra & Mahindra (M&M) performance for the quarter was ahead of our expectations with superior profitability. Revenue increased by 19% to Rs54bn on a volume growth of 21%. Operating profits adjusted for government grant and VRS expenses at Rs8.5bn were ahead of our estimates of Rs8.1bn. Adjusted operating margins expanded by 80bps sequentially to15.8%. Adjusted PAT at Rs7.3bn is in line with our estimates.

Anand Mahindra turns philanthropist, donates to Harvard

Anand Mahindra turns philanthropist, donates to HarvardAnand Mahindra is going to donate $10 million to Harvard University, for their departments in humanities. The department will thus be names as Mahindra Humanities Centre as this is the largest amount that has been given to it till now. Anand is doing this support activity in honor of his mother, Indira Mahindra and is being looked upon as the advancement of unique interdisciplinary collaborations led by Centre director, Homi Bhabha Anand is the Chairman and Managing Director of Mahindra & Mahindra, Ltd and is one of the top 10 industrialists in India.

M&M 106 cc bike hits roads; 300 cc slated for Jan launch

M&M 106 cc bike hits roads; 300 cc slated for Jan launch Mahindra 2 Wheelers of the Mahindra Group declared on Thursday that it will be entering into the motorcycle sector. It has launched a 106.7 cc Stallio and also displayed a 300 cc Mojo which is expected to be launched in India within January.

The Stallio has its cost is marked at Rs 44, and it is an absolutely new product manufactured together by M&M, Engines Engineering and a Chinese company.

Mahindra set to drive on Mobikes

Mahindra set to drive on Mobikes   The UV major and the one of the professionally managed conglomerates in the country, M&M is now all set to make its Motorcycle debut in order to cash-in on the rising demand in the sector.

The company will very soon be launching the first product from its stable and it is expected that the name of the product will be Mahindra Mojo of 300cc.

While the company has not divulged the specs of the product so far but market watchers are of a view that the Mojo will be the most powerful motorcycle produced in the country.

M&M stocks shoot up as it plans to raise prices

mahindra-and-mahindraShares of automaker, Mahindra and Mahindra (M&M) touched a intraday high because of the declaration of its plans to raise prices around a range of its product portfolio.

The rise will be in between Rs 3,000-8,000 and will become effective from October 1. The raise, said the company, is the outcome of higher raw material costs and also implementation of BS III emission norms.

Mahindra launches teaser campaigns for Motorcycles

Mahindra launches teaser campaigns for Motorcycles After making its presence felt in the scooters category, the UV major has recently said that it has finalized the plans to launch Motorcycles in the country as well.

Ssanyong deal – a debt free purchase!

Ssanyong deal – a debt free purchase! The global ambitions of the utility vehicle maker, M&M are getting new shape by the day. As the company is bagging more and more names into its kitty, it is actually becoming one of the most recognized Indian brands among the global charts.

In fact, it may be noted here that the company has recently said that it will be bringing Ssanyong Motors, its most recent purchase as a debt free company into its umbrella. The Chief for operations for the automotive sector, Rajesh Jejurikar has recently said that M&M expects to bring Ssanyong into its portfolio with a clean state.

M&M mulls passenger vehicle variant

M&M mulls passenger vehicle variant  In a bid to take head on with Tata Motors in the LCV category M&M is planning to launch a passenger vehicle on the Maxximo platform over the next 12 months.

It is to be mentioned here that the company has already invested a huge sum of Rs. 300 crore at its Chakan unit for the same and the company plans to soon introduce the product in the Indian market which will take on the Tata Magic, a passenger vehicle made on the Ace Platform.

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