An all-round beat led by better ASPs

Company
17 May 2024
5 Min read 
  • Mahindra & Mahindra's strong 4QFY24 performance with improved margins.
  •  Enhanced capex guidance for the next three years.
  •  Expected growth drivers for Mahindra & Mahindra over FY24-26E.
  •  Reiterated BUY rating with a revised target price of INR2,720.
  •  Focus on capacity expansion and EV transition.
  •  Financial data includes revenue, expenses, and cash flow statements.
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