M&M

Mahindra & Mahindra is favored for its SUV dominance with models like the Scorpio and XUV700, alongside its global leadership in farm equipment. The stock is attractively valued with a P/E of 22, slightly below the industry average of 23, and offers a solid 17% Return on Equity. The company is also successfully navigating the EV transition. With a manageable debt-to-equity ratio of 1.53, it balances growth and stability. Jeffries views M&M as a value play in the auto sector, offering exposure to both consumer and industrial demand. It is a safer bet compared to high-flying EV stocks.