📈 Mahindra & Mahindra: Gearing Up on Strong Fundamentals CMP: ₹3,228 | Up ~27% from April lows | Near all-time high

Mahindra & Mahindra shares are rallying sharply — driven by strong earnings, SUV sales momentum, and positive analyst commentary. 🔍 What’s Driving the Rally? Q1 FY26 PAT rose 24% YoY to ₹4,083 Cr; Revenue grew 23% to ₹45,529 Cr Strong performance in SUVs, tractors, and farm equipment SUV market share up 570 bps YoY; July sales jumped 20% Tractor sales surged ~10% in June; exports also rising M&M exploring local rare-earth magnet production for EVs, reducing China dependency 📊 Technical & Analyst Support Stock up ~27% since April lows of ₹2,360 Trading near all-time high, outperforming peers in weak sessions Nomura: Buy | Target: ₹3,779 — expects strong growth in auto + EV Nuvama: Buy | Target: ₹3,700 — sees 16% auto revenue CAGR Motilal Oswal: Buy | Target: ₹3,482 — projects 18% PAT CAGR 🎯 Outlook Short-Term (1–2 months): Likely to test ₹3,300–₹3,350 if sentiment stays strong ₹3,000–₹3,100 is key support for dips Long-Term (6–12 months): Multiple analysts see potential upside to ₹3,700–₹3,800+ EV focus, localization, and rural demand could push even higher ✅ Bottom Line: M&M’s rally is backed by real numbers — strong Q1, rising volumes, and aggressive EV strategy. With analyst targets 10–15% above CMP, the stock looks good both for momentum and long-term positioning