Short term Multibagger
#Premium Segment Vehicle TUV300 plus is launched and Super Sales is expected
#Robust Sales numbers are Expected for Q1 FY18, M&M expects 8-10 percent growth in tractor sales and 10-12 percent growth in commercial vehicle sales in the current financial year
#Monsoon and pickup in infrastructure spends will drive sales growth
#Tractor sales in the current quarter is expected to grow
#Stock is ready to break its 52 week high of 933 soon
#M&M to invest Rs 500 cr in Chakan plant to expand ELectric Vehicle portfolio
#Maintains rank 17 in Fortune 500 companies
#Company expects the announcement of record production estimates for food grains and horticulture crops which will drive positive sentiments and boost tractor demand
Mahindra and Mahindra is a part of US $20.7 billion multinational group based in Mumbai, India, with a presence in more than 100 countries and employing over 200,000 people.
FINANCIAL HEALTH
M&M reported a net profit of Rs 1,155 crore for the January-March period, an increase of 50 percent from the last year
Revenue of the company rose 25.6 percent year-on-year to Rs 13,189 crore driven by the farm equipment segment.
Revenue from the farm equipment segment rose 33 percent year-on-year to Rs 3,716 crore.
Revenue from the automotive segment rose 2.5 percent to Rs 9,136 crore.
Growth uptrend