Stock Research : Mahindra & Mahindra Ltd.

Stock : Mahindra & Mahindra Ltd.
BSE Code : 500520
Face Value : Rs 10/-
CMP : Rs 825/-
Target : Rs 1000/- (Time frame 6 months)

Business Profile :

Mahindra & Mahindra Limited is an India-based company. The segments of the Company are automotive, which includes the sale of automobiles, spare parts and related services; farm equipment, which includes the sale of tractors, spare parts and related services. Is in this business since years.

Summary :

In the month of May company announced its quarterly results. The profits surged 89%, net profit stood at Rs 418.07 crore for the quarter ended March 31, 2009.
Net profit of the company year ago was 221.10 crore in the March quarter of FY’08.
The total income increased 17.02 per cent at Rs 3,715.88 crore during the quarter as against Rs 3,175.45 crore in the corresponding period the previous fiscal.
M&M had merged Punjab Tractors Ltd with itself and the consolidated figures of the firm include the profits of PTL (Punjab tractor Ltd.)

The Dividend Trail :

The board has declared a dividend of 100 per cent at the rate of Rs 10 per share as the face value of the share is Rs 10 each on 19/05/2009.

Why is M&M a short term buy ?

When Auto makers in US an Japan are struggling to survive this Indian brand which manufactures Tractors and various other SUV has managed to become a out performer during the time of crisis.

Recently the stocks made a high of around Rs 940. Technically Speaking the stock shows good strength for short term.

PS : I would be updating such kind of post often for the benefits of investors.

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