Mahindra & Mahindra Ltd Share Price – NSE /  BSE

Automobile, Mid Cap

Mahindra & Mahindra Ltd fell 0.83% today to trade at Rs 3059.25. The BSE Auto index is down 0.3% to quote at 53787.47. The index is up 3.93 % over last one month. Among the other constituents of the index, TVS Motor Company Ltd decreased 0.81% and Samvardhana Motherson International Ltd lost 0.8% on the day. The BSE Auto index went up 30.66 % over last one year compared to the 14.3% surge in benchmark SENSEX.

Mahindra & Mahindra Ltd has added 8.92% over last one month compared to 3.93% gain in BSE Auto index and 5.07% rise in the SENSEX. On the BSE, 1394 shares were traded in the counter so far compared with average daily volumes of 79045 shares in the past one month. The stock hit a record high of Rs 3221.1 on 27 Sep 2024. The stock hit a 52-week low of Rs 1575.25 on 24 Jan 2024.

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Mahindra & Mahindra announced the incorporation of Velos Hybren on 09 December 2024 as a wholly owned subsidiary of Mahindra Susten (a subsidiary of Mahindra Holdings, which is a wholly owned subsidiary of Mahindra & Mahindra).

Velos Hybren has been incorporated for production and sale of Power and Generating Electricity, Independent Power Producer (IPP), Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, through various renewable energy sources and energy storage systems etc.

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Mahindra & Mahindra Ltd rose for a fifth straight session today. The stock is quoting at Rs 3057.3, up 0.84% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 24596.05. The Sensex is at 81427.54, up 0.58%. Mahindra & Mahindra Ltd has added around 4.18% in last one month.

Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has added around 2.21% in last one month and is currently quoting at 23584, up 0.08% on the day. The volume in the stock stood at 14.77 lakh shares today, compared to the daily average of 35.47 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 3065.55, up 0.91% on the day. Mahindra & Mahindra Ltd is up 79.59% in last one year as compared to a 17.47% gain in NIFTY and a 32.69% gain in the Nifty Auto index.

The PE of the stock is 34.54 based on TTM earnings ending September 24.

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On month on month basis, Mahindra & Mahindra’s (M&M) total auto sales climbed 18.17% in November 2024 compared to 96,648 units sold in October 2024.

In the utility vehicles segment, the company sold 46,222 vehicles in the domestic market, registering a growth of 16% YoY and overall, 47,294 vehicles, including exports.

The company sold 22,042 units of commercial vehicles (LCV+MHCV) in November 2024, down 0.76% from 22,211 units sold in November 2023. Three-wheelers (including electric 3Ws) sales grew 22% YoY to 8,043 units in November 2024.

Exports for the month stood at 2,776 vehicles, registering a growth of 53% on YoY basis.

Further, the company's Farm Equipment Sector (FES) announced that its total tractor sales (domestic + exports) during November 2024 was at 33,378 units, up 4% from 32,074 units in November 2023.

Domestic tractor sales grew by 2% to 31,746 units in November 2024, compared to 31,069 units sold in November 2023. Tractor exports jumped 62% to 1,632 units in November 2024, compared to 1,005 units during the same period last year.

Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra, stated, “We have sold 31,746 tractors in the domestic market during November 2024, a growth of 2% over last year. With the Kharif harvest season getting completed, farmers are progressing with Rabi sowing. The marginal decline in the industry is due to the shift in the festive season of Diwali and Dhanteras as compared to the previous year.

With very good reservoir levels and higher MSP for key Rabi crops, farmers sentiments are positive and cash flows healthy. Good progress in Rabi sowing and a good Rabi crop is expected to further boost demand for tractors in coming months. In the exports market, we have sold 1632 tractors, a growth of 62% over last year.”

M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate.

On a consolidated basis, the company's net profit jumped 35.05% to Rs 3,170.72 crore on a 10.13% rise in income from operations to Rs 37,923.74 crore in Q2 FY25 as compared with Q2 FY24.

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