Two friends Mahindra and Guhlam Mohammed laid foundation to Mahindra and Mohammed in 1945, but after the partition of India, Ghulam Muhammad returned to Pakistan and became that nation’s first finance minister and company adopted the name of Mahindra and Mahindra in 1948.
Long and short term objective of the company was to manufacture general-purpose utility vehicles. Mahindra & Mahindra first got recognized for assembly under license of the world war, Willies Jeep in India. Under a development plan company branched into manufacture of light commercial vehicles, agricultural tractors and army vehicles and with a rapid growth gained a respectable name in cars and jeep manufacturing. Popular new cars like Scorpion and Logan are cost effective and first choice of buyers. M&M created history for selling maximum number of car with six months of its launch.
According to a Market analysis report, Mahindra Group is the 10th leading industrial house with 6.3 billion US dollars in India. Their farm equipment division won Japan Quality Medal. First company in the world to win this award in tractor sector and it’s also the 3rd largest tractor manufacturing company in world and bagging the Deming Prize.
Professional and qualified work force of 50000 people makes M&M a unique company. The Group has a leading presence in financial services, trade and logistics, automotive components, information technology, infrastructure development and After-Market. Seven decades of hard core working experience has built an empire in technology, engineering, marketing and distribution in six continents. M&M owns one tractor manufacturing unit in China, three assembly plants in the United States and one in Australia. It has made strategic acquisitions in United Kingdom, Germany, Italy, USA and South Africa.
Here a tip for trading companies and share holder; in an ambitious plan, M&M joined hands with international companies like Renault France, and International Truck and Engine Corporation, USA. Forbes has ranked the Mahindra Group in Top 200 list of the World’s Most Reputable Companies and Top 10 in Most Reputable Indian Company. Mahindra has been honored with the Bombay Chamber Good Corporate Citizen Award for 2006-07. So next time you are looking for a new car, buy one from Mahindra.
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Hold Mahindra & Mahindra with target of Rs 1300-1350 in 2-3 months on crossing its resistance of Rs 1080-1085, says Mileen Vasudeo, technical analyst, on NDTV Profit. Keep trailing stop loss of Rs 1050, he adds. The stock is currently trading at Rs 1061, down 1.4% on the BSE
Hold Mahindra & Mahindra with one-year target of Rs 1200 and then even Rs 1300-1400, says Ashish Kapur of Invest Shoppe on NDTV Profit. The stock is currently trading at Rs 1067, down 0.9% on the BSE.
Buy Mahindra & Mahindra with one-year target of Rs 1400 and stop loss of Rs 850, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1049, up 4.1% on the BSE.
Sell Mahindra and Mahindra with a target of Rs 975 and stop loss of Rs 997, says Bonanza Portfolio, on CNBC Awaaz.
Sell Mahindra & Mahindra with a target of Rs 975 and stop loss of Rs 1028, says Jatindar Sharma, technical analyst, on CNBC Awaaz, as closing market strategy.
Sell Mahindra and Mahindra on rally and re-enter on dips around Rs 880 and hold for long term, says Prasad Kushe, technical analyst, on CNBC Awaaz. It can go down to Rs 985 and then Rs 880, he adds. The stock is currently trading at Rs 1026, up 1.40% on the BSE.
Buy Mahindra & Mahindra with a target of Rs 1250 and stop loss of Rs 1134, says Sandeep Surekha, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1179, down 0.84% on the BSE.
Buy Mahindra & Mahindra with a target of Rs 1220 and stop loss of Rs 1170, says Bonanza Portfolio, on Zee Business, as closing market strategy.
Hold Mahindra & Mahindra with a target of Rs 1200, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1163, up 3% on the BSE.
Hold Mahindra & Mahindra with long-term target of Rs 1500, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has strong support at Rs 1000, he adds. The stock is currently trading at Rs 1121, up 3.7% on the BSE.
Buy Mahindra & Mahindra at Rs 1081 with intra-day target of Rs 1100 and stop loss of Rs 1064, says Simi Bhaumik, technical analyst, on Zee Business. The stock last traded at Rs 1080.80, up 1.7% on the BSE.