Sumeet Bagadia's stock picks for Monday — Mahindra And Mahindra, Asian Paints, HCL Tech | Target, SL, market outlook
Mahindra & Mahindra secured new business.
26 Sept 2026 · LiveMint Markets
Stock market outlook: Nifty 50 is likely to retain a Sideways to Bearish bias, with immediate support placed at 22,900–23,000 and resistance at 23,300–23,370, believes Sumeet…
The analysis
Against that, the stock is -1.6% on the day at ₹2,810.00, and has returned -12.1% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The auto sector has moved -6.1% over the same period, so Mahindra & Mahindra is running 6.0 points behind its peers.
With Mahindra & Mahindra, Asian Paints and HCL Technologies all implicated, this reads as a Auto-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (M&M, ASIANPAINT, HCLTECH), which points to a sector-level rather than company-specific driver.
- Sector exposure: Auto, Cement & Construction, IT.
In this story
Related coverage
Top stocks to watch today: Inox Wind, Meesho, Titan, Ola Electric shares in focus on Wednesday, 7 October | Full list
Market wrap: ITC, BSE, HCL Tech, Asian Paints top gainers and losers on Nifty and Sensex on Monday
Taking Stock: Market fails to hold on to day#39;s gains, ends marginally higher
Stock Market Today LIVE: Sensex Falls Over 400 Points, Nifty 50 Below 22,700 Ahead Of RBI Policy; Titan, Asian Paints Decline
Stocks in news: Titan, HCL Tech, Adani Ports and Utkarsh SFB