M&M shares fell despite booking strong first quarter results: Should you buy, sell or hold?
Mahindra & Mahindra (M&M) shares fell as much as 2% on Thursday, even though the company reported massive figures for the first quarter of fiscal 26. Finally, M&M traded at Rs 3,209, reflecting the weak market despite the fundamentally pleasant fundamentals.
M&M’s net profit in the June 2025 quarter rose 32% year-on-year, driven by strong demand for its high-margin SUVs and tractors. Revenue from operating revenue was Rs 341,43 crore, up 26% from Rs 27,133 crore of FY25 in the first quarter.
Brokers keep bullish on M&M Post Q1
Despite the decline in stock prices, brokerage firms are still affirming on M&M.
JefferiesThe company raised its target price to Rs 4,000 and noted that the company had its EBITDA growth for the 13th consecutive quarter, gained market share in SUVs and ranked second in the passenger car segment.
Goldman Sachs It also maintained its “buy” rating, adjusting its target to Rs 3,900.
Morgan Stanley, JP Morgan, CLSA, Citi and Nomura Respond to similar confidence on the grounds of strong guidance and healthy launch pipelines.
M&M reiterated its guide to UV growth for youth in the mid-26 fiscal year and is scheduled to launch a new platform on August 15, followed by analyst day in November. Tractor demand also shows signs of improvement.
Three new SUVs and strong rural demand are planned for the 2026 calendar year, and analysts have placed M&M in sustaining growth momentum despite recent market volatility.
