Mahindra & Mahindra Ltd Share Price – NSE  / BSE

Automobile, Mid Cap

Mahindra & Mahindra (M&M) and Manulife today announced that the two companies have entered into an agreement to establish a 50:50 life insurance joint venture, subject to regulatory approval. This new venture will strengthen Mahindra and Manulife's existing footprint in India and underscores their commitment to enhancing the financial wellbeing of customers in one of the world's fastest-growing markets. The vision is to be the #1 life insurance company for rural and semi-urban India, and in serving urban customers through leadership in protection solutions.

The joint venture aims to offer long-term savings and protection solutions tailored to the diverse and growing needs of India's population, in line with India's ?Insurance for All? vision by 20471. Combining Mahindra's deep access and extensive distribution in rural and semi-urban areas with Manulife's proven quality agency capabilities catered to urban customers, the joint venture will create long term value by driving customer centricity and leveraging new technologies.

Upon regulatory approval, this joint venture will expand on the collaboration between Mahindra and Manulife in India, following the successful launch of Mahindra Manulife Investment Management in 2020. The total capital commitment from each shareholder is up to Rs 3,600 crore (US$400 million), with each shareholder expected to invest Rs 1,250 crores (US$140 million) in the first 5 years.

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Mahindra & Mahindra Ltd gained for a third straight session today. The stock is quoting at Rs 3645.1, up 1.78% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0% on the day, quoting at 25598. The Sensex is at 83600.31, up 0.17%. Mahindra & Mahindra Ltd has gained around 4.36% in last one month.

Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has gained around 0.85% in last one month and is currently quoting at 26610.05, up 0.35% on the day. The volume in the stock stood at 29.83 lakh shares today, compared to the daily average of 20.18 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 3656.4, up 1.63% on the day. Mahindra & Mahindra Ltd is up 26.07% in last one year as compared to a 5.78% gain in NIFTY and a 12.14% gain in the Nifty Auto index.

The PE of the stock is 33.43 based on TTM earnings ending June 25.

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Mahindra & Mahindra announced the sale its entire stake in RBL Bank for a consideration of Rs. 678 crore representing a 62.5% gain on the investment.

In July 2023, the company had acquired 3.53% stake in RBL Bank as a treasury investment at a cost of Rs. 417 crore.

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Net profit of Mahindra & Mahindra rose 15.85% to Rs 3673.32 crore in the quarter ended September 2025 as against Rs 3170.72 crore during the previous quarter ended September 2024. Sales rose 21.75% to Rs 45885.40 crore in the quarter ended September 2025 as against Rs 37689.04 crore during the previous quarter ended September 2024.

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