M&M races to number 2 spot in Sept passenger vehicle sales
Mahindra & Mahindra is in focus for FY26.
· Business Today Mkts
Mahindra & Mahindra was India’s second-largest passenger vehicle maker in FY26.
Key facts
- Period
- FY26 and FY27
The analysis
Against that, the stock is -1.7% on the day at ₹2,751.60, and has returned -11.2% over three months. It sits 28% below its 52-week high, which means a good deal of bad news was already in the price. The auto sector has moved -4.1% over the same period, so Mahindra & Mahindra is running 7.1 points behind its peers.
For Mahindra & Mahindra, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Market context
- The company directly in focus is M&M.
- Sector exposure: Auto.
In this story
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