Mahindra and Mahindra share price rallied 2.5 percent after Credit Suisse has maintained Outperform rating on the stock with increased target price at Rs 1,030 following better-than-expected earnings for March quarter.
Auto profitability continued to improve in Q4, and 15 percent beat on EBITDA was helped by operating leverage, product-mix & cost-control, it said.
The research house further said tractor outlook is promising, given positive factors like monsoons, government spend on infra/rural & financial availability.
Auto profitability continued to improve in Q4, and 15 percent beat on EBITDA was helped by operating leverage, product-mix & cost-control, it said.
The research house further said tractor outlook is promising, given positive factors like monsoons, government spend on infra/rural & financial availability.
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