{"id":130802,"date":"2022-06-24T09:13:40","date_gmt":"2022-06-24T13:13:40","guid":{"rendered":"https:\/\/44.250.171.167\/?p=130802"},"modified":"2022-10-06T04:21:45","modified_gmt":"2022-10-06T08:21:45","slug":"mahindra-mahindra-hits-a-new-high-in-anticipation-of-a-robust-domestic-demand","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mahindra-mahindra-hits-a-new-high-in-anticipation-of-a-robust-domestic-demand\/","title":{"rendered":"Mahindra &amp; Mahindra hits a new high in anticipation of a robust domestic demand"},"content":{"rendered":"\n<p>The share price of the leading passenger vehicle manufacturer &#8211; Mahindra &amp; Mahindra rallied over 3.5% on Friday and closed at a new high of Rs 1072.5 in hope of a strong demand.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image is-style-default\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/bh9r1ZUIZXqEcBAdl0zG_qQnCzbr2fBQi5Jihg6t-0FNo36fMdYTYYPdKYlB1sjC4b6zGx5D4lTjlSCPoE31Nx7BcFziHDyflzUnq7mWM39sv8TCt6egE08bbnhZdTylBmWkJ7mNFOc9jLx9zg\" alt=\"\" \/><\/figure>\n\n\n\n<p>In the past month itself, Mahindra outperformed the market thereby gaining 12 percent as compared with a 2.6 percent dip in the S&amp;P BSE Sensex. Interestingly, in the past three months, the stock has rallied 38 per cent, against a 9 percent dip in the benchmark index.&nbsp;<\/p>\n\n\n\n<p>The company\u2019s Thar and XUV700 models have been the limelight of Indian roads and are witnessing a huge traction of orders. Thus to meet the growing demand, Mahindra has increased its capex plan for its Auto division from Rs 9,000 crore to Rs 11,900 crore. The company\u2019s management anticipates strong demand for its utility vehicles business with the launch of Scorpio-N in June 2022.&nbsp;<\/p>\n\n\n\n<p>As per the management, they are witnessing strong bookings and have a robust pipeline for the sales of the new model. The announcement of the launch of Scorpio-N is generating very high interest levels and promises to be yet another blockbuster from Mahindra. Not only this but the company\u2019s commercial vehicles have also registered strong growth across segments.<\/p>\n\n\n\n<p>Also, Mahindra which holds the 40 per cent market share in India\u2019s Tractor vertical is leading the growth chart as demand for tractors has seen a sharp 44 per cent jump year-on-year in the first two months of 2022-23, after some moderation in growth in 2021-22. And this has happened due to the timely arrival of the south-west monsoon. Since the kharif crop, this year is expected to deliver record production, food prices continue to be high, ensuring better remuneration for farmers for their produce, thus creating a positive sentiment and higher demand for tractors and agri implements. With the recent launch of Alpha 3, the 3 wheeler division of the company is also doing very well as this model attains a superior battery quality and is gaining a good order value.&nbsp;<\/p>\n\n\n\n<p>Mahindra\u2019s consistent focus on prudent capital allocation with a vision of achieving more than 18 percent ROCE, aggressive EV launch plans in all vehicle segments remain structural positives. And hence stepping up the capex spend to build capacities in response to robust demand prospects, value creation initiatives to limit net cash outflow, are key triggers for future price performance.\u00a0<br>To grasp a better view about the working of the automobile industry and how Mahindra, Tata and Maruti are ruling the game, please read this blog: <a href=\"https:\/\/44.250.171.167\/is-maruti-no-more-indias-first-choice-the-potholes-in-the-road-ahead\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/44.250.171.167\/is-maruti-no-more-indias-first-choice-the-potholes-in-the-road-ahead\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share price of the leading passenger vehicle manufacturer &#8211; Mahindra &amp; Mahindra rallied over 3.5% on Friday and closed at a new high of Rs 1072.5 in hope of a strong demand.&nbsp; In the past month itself, Mahindra outperformed the market thereby gaining 12 percent as compared with a 2.6 percent dip in the [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,5753,5,6352],"tags":[10023,10051,10052],"class_list":["post-130802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-industrials","category-latest","category-research-summary","tag-automobile-industry","tag-mahindra","tag-tractors"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":141376,"url":"https:\/\/alphastreet.com\/india\/mahindra-holidays-resorts-q3fy23-earnings\/","url_meta":{"origin":130802,"position":0},"title":"Mahindra Holidays &#038; Resorts Q3FY23 Earnings","author":"Karan_Singh","date":"February 13, 2023","format":false,"excerpt":"As part of the Leisure and Hospitality sector of the Mahindra Group, Mahindra Holidays & Resorts India Ltd. (MHRIL) primarily offers family holidays by providing vacation ownership memberships. The company's flagship brand \u2018Club Mahindra\u2019, was started in 1996 and has 250,000+ members. Financial Results: Mahindra Holidays & Resorts India increased\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/pexels-pixabay-271639-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/pexels-pixabay-271639-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/pexels-pixabay-271639-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/pexels-pixabay-271639-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/12\/pexels-pixabay-271639-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":131602,"url":"https:\/\/alphastreet.com\/india\/infographic-kotak-mahindra-banks-net-profit-soars-by-26\/","url_meta":{"origin":130802,"position":1},"title":"Infographic: Kotak Mahindra Bank&#8217;s Net Profit soars by 26%","author":"Chirag Gupta","date":"July 25, 2022","format":false,"excerpt":"Provisions and contingencies declined by a massive 97 percent year-on-year to Rs 23.59 crore at the end of June quarter compared to Rs 703.52 crore in the corresponding quarter of previous fiscal. The fall in provisions stems from the improvement in asset quality metrics. During the quarter, the bank wrote\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":171854,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-beyond-the-profit-dip\/","url_meta":{"origin":130802,"position":2},"title":"Kotak Mahindra Bank: Beyond the Profit Dip","author":"Chirag Gupta","date":"October 27, 2025","format":false,"excerpt":"Kotak Mahindra Bank's recent earnings reveal a surprising story that the headline profit number doesn't tell. 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Profit after tax (PAT) stood at INR 1,368 crore in the year-ago period. 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The consolidated Net Profit of \u20b91,125 Crore, down 27% from \u20b91,545 Crore in the same quarter of the previous year. 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Our journey of creating value and providing growth capital continued through the Susten-OTPP transaction and the BII transaction. -Dr. Anish Shah, Managing Director & CEO Stock DataTickerM&MExchangeNSE & BSEIndustryAutomobiles Price PerformanceLast 5 Days5.63%YTD4.29%Last 12\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-1.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/130802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=130802"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/130802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=130802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=130802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=130802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}