SPA Research is bullish on Mahindra and Mahindra(M&M) and has recommended buy rating on the stock with a target of Rs 851 in its April 09, 2012 research report.
“Mahindra & Mahindra, flagship company of the Mahindra group, is the market leader in Utility Vehicles (UV's) & tractors in India, having ~56% & ~42% market share respectively. It is one of the most diversified conglomerates in the Indian automobile space with presence across segments viz. passenger vehicles, LCVs, Tractors, 3-wheelers, 2- wheelers & M&HCVs. Given the Company's thrust on new product developments, success of XUV5OO and attractive valuations, we initiate a "BUY" recommendation on the stock.”
