Shares of Mahindra & Mahindra jumped 2.5 percent to its record high on Monday, February 10 following its December quarter earnings. Multiple brokerages have also retained their bullish views on the auto stock.
The stock will rise up to ₹4,075 in the next 12 months, according to global brokerage firm Jefferies’ latest note.
Meanwhile, Goldman Sachs raised the target price by ₹100. It said that EV contract margins will make margins range-bound for standalone businesses. Goldman Sachs maintained a BUY rating with a target price of ₹3800 from ₹3700. This shows that the company’s shares have an upside of more than ₹580.
