M&M Rides On Strong Outlook For Farm Equipment And Reasonable Valuation - Dollar Advisory & Financial Services

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Tuesday 14 November 2017

M&M Rides On Strong Outlook For Farm Equipment And Reasonable Valuation

India’s largest tractor and utility vehicle manufacturer Mahindra and Mahindra has posted a very good set of numbers for the second quarter ended September 2017.

The company reported the highest ever quarterly net revenues and profit after tax, highest ever quarterly EBIT in the farm equipment segment as well as the auto segment.

Strong leadership in FES, revival riding on rural growth, a slew of new launches and reasonable valuations make it a stock worth accumulating for long-term investors.

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