Motilal Oswal 's research report on Mahindra and Mahindra
Mahindra & Mahindra (MM)'s 4QFY20 performance beat was led by a better mix and lower RM cost. While MM's core business would recover faster, the focus on tightening capital allocation could act as a rerating catalyst.
Outlook
We upgrade FY21/FY22E EPS by 8%/2% to reflect an improving mix. An improving core business and possible course correction on capital allocation would drive stock performance as valuations are still cheap. Buy, with TP of ~INR585.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!