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21Apr 26

Nomura Maintains Buy Rating on Mahindra & Mahindra with ₹4,662 Target Price

Nomura maintains a Buy rating on Mahindra & Mahindra with ₹4,662 target price, citing sustained SML growth despite margin pressures. The company targets 10-12% medium-term market share through product expansion, new AC bus and ambulance launches, ICV segment entry, and planned EV rollout with e-bus launch in FY27E, supported by anticipated FY27 price hikes.

17Apr 26

Morgan Stanley Maintains Overweight Rating on Mahindra & Mahindra, Cuts Target Price to ₹3,919

Morgan Stanley has maintained its Overweight rating on Mahindra & Mahindra Limited while reducing the target price from ₹4,358 to ₹3,919. The revision reflects concerns about near-term margin pressure from cost inflation, supply-chain risks, and tighter regulations expected in 1QFY27. However, the brokerage remains optimistic about long-term prospects, citing conviction in volume upcycle and gradual cost pass-through mechanisms that support a positive industry outlook.

16Apr 26

Mahindra & Mahindra Executes Rs. 29.52 Crore Block Trade on NSE

Mahindra & Mahindra Ltd. completed a significant block trade on NSE worth Rs. 29.52 crores, involving 92,024 shares at Rs. 3207.60 per share. The transaction represents substantial institutional activity in the automotive sector, demonstrating continued investor interest in the leading automotive and farm equipment manufacturer.

14Apr 26

Mahindra & Mahindra Schedules Q4FY26 Analyst Meet for May 5, 2026 in Mumbai

Mahindra & Mahindra has scheduled its Q4FY26 analyst meet for May 5, 2026, from 3:30 PM to 5:00 PM IST in Mumbai. The hybrid format meeting will allow both physical and virtual participation through a YouTube-based webcast platform, with pre-registration being mandatory. The interactive session will enable participants to pose questions to senior management, while ensuring no unpublished price sensitive information is shared. A replay will be available until June 4, 2026, providing extended access to the content.

11Apr 26

Mahindra & Mahindra Officially Announces Divestment of Turkey Foundry Operations

Mahindra & Mahindra has formally announced the divestment of its entire 99.04% stake in Turkish foundry operations Erkunt Sanayi Anonim Şirketi to Hisarlar Makina and its shareholders. The transaction, formalized through a Stock Purchase Agreement on April 10, 2026, involves a ₹256 crore capital infusion to clear external debt before the expected completion date of July 30, 2026.

10Apr 26

Mahindra & Mahindra Reports Strong 22.4% Growth in March 2026 Sales

Mahindra & Mahindra reported strong March 2026 performance with total sales growing 22.4% to 100,194 units and production increasing 13.2% to 102,701 units compared to March 2025. The utility vehicles segment led growth with notable increases in Thar+Thar Roxx and new XUV7XO models, while electric vehicles showed momentum with Electric Origin SUV sales more than doubling. However, exports declined 6.6% to 4,042 units.

10Apr 26

Mahindra & Mahindra Submits SEBI Compliance Certificate for January-March 2026 Quarter

Mahindra & Mahindra Limited filed its quarterly compliance certificate under SEBI Regulation 74(5) for January-March 2026, submitted on 9th April 2026. The certificate, prepared by registrar KFin Technologies Limited, confirms proper completion of all dematerialization procedures including timely processing of demat requests, securities verification, physical certificate cancellation, and register updates within prescribed timeframes.

09Apr 26

Mahindra & Mahindra Acquires 26% Stake in Neon Hybren for Rs. 11.17 Crores Solar Power Project

Mahindra & Mahindra Limited has approved acquiring a 26% stake in step-down subsidiary Neon Hybren Private Limited for up to Rs. 11.17 crores to develop a 30 MW solar power project in Punjab. The investment ensures compliance with Electricity Rules 2005 requiring captive users to hold at least 26% share capital. Neon, incorporated in May 2024, reported nil revenue and Rs. 10.77 lakhs net worth for FY25. The transaction is expected to complete by December 2026.

08Apr 26

Mahindra & Mahindra Announces Special Window for Physical Share Transfer Re-lodgement

Mahindra & Mahindra Limited published newspaper advertisements on 7th April 2026 announcing SEBI's special window for physical share transfer re-lodgement from 5th February 2026 to 4th February 2027. The window allows investors to re-submit transfer requests originally filed before 1st April 2019 but returned due to documentation issues, with specific eligibility criteria requiring original share certificates. All processed shares will be issued in dematerialized form with a one-year lock-in period.

08Apr 26

Mahindra & Mahindra Transfers 20,516 Equity Shares to Employees Under ESOP Scheme

Mahindra & Mahindra Limited transferred 20,516 equity shares from its Employee Stock Option Trust to 49 employees on April 7, 2026, following stock option exercises under the company's ESOP scheme. The largest allocation of 5,086 shares went to Shriprakash Shukla, while allocations ranged from 25 to 5,086 shares across beneficiaries. The company notified all relevant stock exchanges including NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange in compliance with listing requirements.

25Mar 26

Mahindra & Mahindra Transfers 55,457 Equity Shares to 67 Employees Under ESOP Scheme

Mahindra & Mahindra transferred 55,457 equity shares to 67 employees through its Employee Stock Option Trust on March 24, 2026. The largest allocation of 16,300 shares went to Amit Kumar Sinha, while the smallest was 25 shares. The company notified NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange about this ESOP transaction in compliance with listing requirements.

24Mar 26

Mahindra & Mahindra Schedules Board Meeting for May 5, 2026 to Approve Q4FY26 Results

Mahindra & Mahindra Limited has announced a board meeting scheduled for May 5, 2026, to consider and approve audited standalone and consolidated financial results for Q4FY26 and the full financial year ending March 31, 2026. The board will also deliberate on dividend recommendations and matters related to the upcoming Annual General Meeting. In compliance with insider trading regulations, the company has declared a trading window closure from April 1 to May 7, 2026.

24Mar 26

Mahindra & Mahindra Completes Investor Plant Visit on March 23, 2026 in Pune

Mahindra & Mahindra successfully concluded its scheduled investor plant visit on March 23, 2026, at its Pune manufacturing facility. The visit, which was originally scheduled from 02:30 p.m. to 04:30 p.m. IST, actually concluded at 5:00 p.m. IST. The company maintained strict regulatory compliance throughout the event, ensuring no unpublished price sensitive information was shared and only publicly available documents were referenced during discussions.

20Mar 26

CLSA Maintains Outperform Rating on Mahindra & Mahindra Despite Target Price Cut to Rs 4448

CLSA has revised Mahindra & Mahindra's target price to Rs 4448 from Rs 4702 while maintaining its Outperform rating. The brokerage cut FY27/28 EPS estimates by 5-6%, within broader OEM sector cuts of 3-13%, reflecting near-term earnings moderation. Despite the downward revision, CLSA maintains a positive stance on the stock, indicating confidence in long-term prospects.

18Mar 26

Nomura Maintains Buy Rating on Mahindra & Mahindra with Target Price of Rs 4,662

Nomura has maintained its Buy rating on Mahindra & Mahindra with a target price of Rs 4,662, driven by strong FY26 YTD growth of 19% in passenger vehicles, 17% in light commercial vehicles, and 23% in tractors. The brokerage highlighted manageable commodity pressures and positive developments in the EV business, which has achieved EBITDA-positive status with expected PLI benefits from FY27 and volume doubling supporting EBIT breakeven.

17Mar 26

Mahindra & Mahindra Participates in Nomura India Corporate Day on March 17, 2026

Mahindra & Mahindra Limited participated in the Nomura India Corporate Day on March 17, 2026, in Mumbai, engaging with funds and investors through a virtual format. The event concluded at 8.25 p.m. (IST) and featured the company's Q3FY26 analyst presentation that was previously submitted to stock exchanges on February 11, 2026. The company confirmed compliance with regulatory requirements, stating that only publicly available information was discussed and no unpublished price sensitive information was shared during the investor engagement.

17Mar 26

Mahindra & Mahindra Conducts Investor Meeting in Mumbai on March 17, 2026

Mahindra & Mahindra held a physical investor meeting in Mumbai on March 17, 2026, engaging with institutional investors and funds. The meeting concluded at 3:30 p.m. IST and followed proper regulatory protocols with advance notice given on March 10, 2026. The company referred to Q3FY26 analyst presentation materials previously submitted to exchanges and confirmed no unpublished price sensitive information was shared.

13Mar 26

Mahindra & Mahindra Executes Rs. 61.20 Crore Block Trade on NSE

Mahindra & Mahindra completed a major NSE block trade worth Rs. 61.20 crores involving 202,933 shares at Rs. 3015.80 per share. The transaction represents significant institutional activity and demonstrates continued investor interest in the automotive major's shares through large-scale strategic trading.

13Mar 26

Mahindra & Mahindra Records ₹50.89 Crore Block Trade on NSE

Mahindra & Mahindra executed a major block trade on NSE worth ₹50.89 crores involving approximately 168,504 shares at ₹3019.90 per share. The transaction reflects significant institutional investor activity and demonstrates substantial monetary participation in the automotive company's equity at current market valuations.

12Mar 26

Mahindra & Mahindra Transfers 58,172 Equity Shares to ESOP Grantees

Mahindra & Mahindra Limited transferred 58,172 equity shares from its Employees' Stock Option Trust to 64 stock option grantees on March 12, 2026. The transfer followed the exercise of stock options under the company's ESOP scheme, with Amit Kumar Sinha receiving the largest allocation of 16,297 shares. The company notified NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange about this corporate action in compliance with listing requirements.

12Mar 26

Mahindra & Mahindra Records Rs. 52.60 Crore NSE Block Trade at Rs. 3072.30 Per Share

Mahindra & Mahindra Ltd. executed a major NSE block trade worth Rs. 52.60 crores involving 171,194 shares at Rs. 3072.30 per share. The transaction represents significant institutional activity and demonstrates substantial capital deployment in the automotive company's stock through the block trade mechanism.

09Mar 26

Mahindra & Mahindra Reports Strong 18.1% Sales Growth in February 2026

Mahindra & Mahindra Limited reported strong February 2026 performance with total sales of 96,718 units, marking 18.1% year-on-year growth from 81,870 units in February 2025. Production increased 13.1% to 94,550 units, while exports grew 11.4% to 3,477 units. Utility vehicles led growth with strong performance from Thar+Thar Roxx, Scorpio, and XUV models, while the Electric Origin SUV achieved 6,532 units in sales compared to 3,196 units previously.

04Mar 26

Mahindra & Mahindra Reaffirms No Communication Received on Indonesia Order Suspension

Mahindra & Mahindra has reinforced its clarification addressing media reports about Indonesia's alleged vehicle import suspension, confirming no communication received regarding order cancellation. The company maintains its position on the 35,000 unit Scorpio Pik Up export order to Indonesian state-owned enterprise Agrinas Pangan Nusantara, with advance payment already secured and delivery scheduled for 2026.

02Mar 26

Mahindra & Mahindra Completes Exit from Blue Planet Integrated Waste Solutions

Mahindra & Mahindra Limited has successfully completed the sale of its remaining 20% stake in Blue Planet Integrated Waste Solutions Private Limited for Rs. 5.07 crore on March 2, 2026. The transaction concludes the company's involvement in the waste management venture, which reported gross revenue of Rs. 5.97 crore and net worth of Rs. 9.03 crore for FY25. The buyer, Blue Planet Environmental Solutions India Private Limited, operates comprehensive waste management solutions and is not affiliated with Mahindra's promoter group. With this divestment, BPIWSPL has ceased to be an associate company of Mahindra & Mahindra.

02Mar 26

Mahindra Associate MAM to Withdraw from Agricultural Machinery Business and Begin Liquidation

Mitsubishi Mahindra Agricultural Machinery (MAM), a Japanese associate of Mahindra & Mahindra, announced withdrawal from agricultural machinery business and liquidation proceedings on 2nd March 2026. MAM contributed Rs. 1,786.03 crores (1.13%) to Mahindra's consolidated turnover and incurred losses of Rs. 151.61 crores for the year ended 31st March 2025. The company will cease production and sales by first half of fiscal year 2027 while continuing spare parts supply and warranty services. The liquidation will eliminate annual losses for the promoter group.

01Mar 26

Mahindra Reports Strong February 2026 Performance with 97,177 Total Vehicle Sales and Robust Growth Across Segments

Mahindra & Mahindra Limited reported strong February 2026 performance with total vehicle sales of 97,177 units, achieving 18% year-on-year growth. SUV sales reached 60,018 units with 19% growth, while the farm equipment business delivered exceptional 35% growth with 32,153 tractor sales. Commercial vehicles and trucks & buses segments also contributed positively with 10% and 13% growth respectively, demonstrating robust demand across all business verticals.

23Feb 26

Mahindra & Mahindra Transfers 17,903 Equity Shares to Employees Under ESOP Scheme

Mahindra & Mahindra Limited completed the transfer of 17,903 equity shares from its Employees' Stock Option Trust to 42 employees on February 23, 2026, under the company's ESOP scheme. The largest individual allocation was 2,500 shares to Nalinikanth Gollagunta, while the minimum allocation was 50 shares to several employees. The company has notified major stock exchanges including NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange about this transaction in compliance with listing requirements.

19Feb 26

Embraer and Mahindra Group Plan C-390 Millennium MRO Facility in India for Air Force Program

Embraer and Mahindra Group announced plans to establish C-390 Millennium MRO capability in India to support the Indian Air Force's Medium Transport Aircraft program. The initiative builds on their October 2025 strategic partnership for local aircraft production. The proposed facility will provide comprehensive maintenance services including base and heavy maintenance, component repair, and training. The C-390 Millennium offers up to 26 tons payload capacity with above 99 percent mission completion rate, supporting the Make in India initiative while creating high-skill employment opportunities.

14Feb 26

P.M. Tele Linnks Reports Q3FY26 Results with Revenue of ₹30.10 Lacs

P.M. Tele Linnks Ltd. announced Q3FY26 financial results showing revenue of ₹30.10 lacs and net profit of ₹2.01 lacs for the quarter ended December 31, 2025. However, the nine-month performance reflects challenges with revenue declining from ₹575.11 lacs to ₹295.09 lacs year-over-year, resulting in a net loss of ₹4.78 lacs compared to profit of ₹2.73 lacs in the previous year.

12Feb 26

Mahindra Launches UDO E-Auto at ₹3.84 Lakh with 200 KM Range and Airplane-Inspired Design

Mahindra Last Mile Mobility Limited launched the Mahindra UDO e-auto on February 12, 2026, at ₹3,84,299.00 ex-showroom with a limited-time offer at ₹3,58,999.00. The airplane-inspired vehicle offers 200 km real-world range, industry-first features like reverse throttle and creep mode, and is manufactured at the company's Zaheerabad plant with Rs. 218 crore investment in advanced facilities.

12Feb 26

Mahindra & Mahindra Publishes Q3FY26 Financial Results in Newspapers

Mahindra & Mahindra published its Q3FY26 unaudited financial results in newspapers as per regulatory compliance, showing strong consolidated performance with revenue growth of 26% to ₹52,099.75 crores and net profit surge of 47% to ₹4,674.64 crores. The company reported exceptional items worth ₹292.94 crores related to new Labour Codes implementation.

10Feb 26

Mahindra & Mahindra Subsidiary Partners with Mitsui Fudosan for Joint Venture in Real Estate Development

Mahindra & Mahindra's subsidiary Mahindra Lifespace Developers Limited has formed a joint venture with Mitsui Fudosan (Asia) Pte. Limited for residential real estate development in Bengaluru. The partnership involves transferring 49% stake in subsidiary MBLDL to the Japanese real estate developer, with both companies participating in a Rs. 230,30,00,000 rights issue in 51:49 ratio. The joint venture will develop the 'Alembic Undertaking' project with consideration not exceeding Rs. 100 crores, expected to complete by March 31, 2026.

06Feb 26

Mahindra & Mahindra Announces ₹15,000 Crore Manufacturing Facility in Maharashtra

Mahindra & Mahindra has officially announced its largest integrated manufacturing facility in Nagpur, Maharashtra, with a ₹15,000 crore investment over 10 years. The facility will span 1500 acres with additional 150-acre supplier park, producing over 5 lakh vehicles and 1 lakh tractors annually starting 2028.

04Feb 26

Mahindra & Mahindra Secures Record Export Order of 35,000 LCV Units to Indonesia

Mahindra & Mahindra Limited has announced its biggest ever export order of 35,000 Single-Cab Scorpio Pik Up units to Indonesian state-owned enterprise Agrinas Pangan Nusantara for 2026 delivery. The order surpasses Mahindra's total FY25 export volumes and will significantly boost International Operations. The vehicles will support the Koperasi Desa/Kelurahan Merah Putih Project, enhancing rural logistics and village-level commerce as part of Indonesia's national food security transformation.

03Feb 26

Mahindra & Mahindra Executes Rs. 22.57 Crore NSE Block Trade at Rs. 3602.30 Per Share

Mahindra & Mahindra Ltd. completed a significant NSE block trade involving approximately 62,642 shares at Rs. 3602.30 per share, totaling Rs. 22.57 crores. The transaction represents substantial institutional trading activity in the automotive major's stock, executed through the block trade mechanism to facilitate large volume transfers efficiently.

03Feb 26

Mahindra Lifespace Expects Strong Q4 Growth Despite Project Launch Delays

Mahindra Lifespace anticipates strong Q4 performance while managing regulatory challenges that have delayed key Mumbai projects. The company maintains ambitious FY27 launch targets of INR 5,000-7,000 crores despite procedural hurdles, with long-term profit potential of INR 1,500 crores from its 1,500-acre land bank over the next decade.

03Feb 26

Mahindra Lifespace Maintains FY27 Pre-Sales Target of INR 4,500-5,000 Crores

Mahindra Lifespace has maintained its FY27 pre-sales target of INR 4,500-5,000 crores without any revisions to its earlier guidance. The company has chosen not to provide guidance for FY28, indicating a focus on executing current strategic plans. This measured approach reflects prudent financial planning in the real estate development sector.

02Feb 26

Mahindra Lifespace Q3 FY26 Results Show Strong Performance with Board Approval

Mahindra Lifespace Developers reported strong Q3 FY26 financial results following board approval, with consolidated revenue growing 175% to ₹45,916 lakhs and net profit of ₹10,888 lakhs compared to previous year's loss, supported by robust residential pre-sales and industrial business performance.

01Feb 26

M&M Reports Strong January 2026 Sales of 104,309 Units with 24% YoY Growth

Mahindra & Mahindra delivered strong January 2026 performance across all business segments with total vehicle sales of 104,309 units, marking 24% year-over-year growth. The automotive division achieved 25% SUV growth with 63,510 units sold domestically, while the farm equipment business excelled with 46% tractor sales growth reaching 38,484 units. The trucks & buses division contributed 3,065 vehicles with 40% growth, demonstrating the company's robust market positioning and operational strength across diverse automotive segments.

01Feb 26

Mahindra & Mahindra Expects Positive Impact from Government Rural Development Funding in Upcoming Budget

Mahindra & Mahindra has expressed positive expectations regarding the upcoming government budget, specifically anticipating increased government aid and funding for rural development. The company believes these potential budget measures will have a favorable impact on its business operations in the coming months, reflecting its significant exposure to India's rural and agricultural markets.

01Feb 26

M&M Tractor Sales Surge 39.6% to 38,484 Units in January, Beating Estimates

Mahindra & Mahindra achieved strong tractor sales of 38,484 units in January, representing a 39.6% year-on-year increase from 27,557 units in the previous year. The performance exceeded market estimates of 33,600 units by 14.5%, demonstrating robust demand and operational execution. This growth reflects the company's strong market position in the agricultural equipment sector.

01Feb 26

SML Mahindra Reports 30% Jump in January Sales to 1,337 Units

SML Mahindra reported impressive January sales of 1,337 units, representing a 30% year-on-year increase from 1,025 units in the previous year. The growth of 312 additional units demonstrates strong market momentum and improved demand for the company's commercial vehicle products, positioning the manufacturer favorably for continued performance.

01Feb 26

Daily Voice: FIIs won't return till earnings catch valuations; budget capex jump unlikely, says Kotak Life CIO

Kotak Life CIO Radhavi Deshpande expects FIIs to remain cautious until earnings growth aligns with current market valuations, despite India's strong structural growth story. The Union Budget is unlikely to show major capex increases, with growth expected to track nominal GDP, while job creation will remain a key priority through infrastructure and manufacturing initiatives. Recent earnings have been stable but below market expectations, with management commentary remaining cautious about broad-based recovery.

30Jan 26

Mahindra & Mahindra Executes Rs. 50.01 Crore Block Trade on NSE

Mahindra & Mahindra completed a significant NSE block trade worth Rs. 50.01 crores, involving 149,741 shares at Rs. 3340.10 per share. The transaction represents substantial institutional activity in the automotive sector, executed through NSE's block trading mechanism. Such large-volume trades typically involve institutional investors making strategic portfolio adjustments while maintaining market stability.

27Jan 26

Mahindra Logistics Reports Q3 Consolidated Net Profit of 33 Million Rupees, Reverses Year-Ago Loss

Mahindra Logistics achieved consolidated net profit of 33 million rupees in Q3, reversing previous year's loss of 90 million rupees in the same quarter. This represents a positive swing of 123 million rupees year-over-year, demonstrating significant operational improvement and successful return to profitability.

23Jan 26

Kotak AMC's Harsha Upadhyaya Advises Against Small-Cap Investments Amid Stretched Valuations

Kotak AMC's Harsha Upadhyaya advises investors to avoid small-cap stocks due to valuations 40-45% above long-term averages and weak earnings performance. He recommends focusing on large and mid-cap investments while expecting continued market volatility into 2026. The fund house maintains an underweight position on real estate and anticipates policy continuity in the upcoming Union Budget with sustained focus on defense, renewables, and manufacturing.

22Jan 26

Tech Mahindra Records ₹54.05 Crore Block Trade on NSE at ₹1,710 Per Share

Tech Mahindra executed a major block trade on NSE worth ₹54.05 crores, involving 316,080 shares at ₹1,710.00 per share. The transaction represents significant institutional investor activity and demonstrates continued market interest in the IT services company's stock through large-volume trading mechanisms.

21Jan 26

Mahindra & Mahindra Transfers 2,796 Equity Shares to Employees Through ESOP Trust

Mahindra & Mahindra Limited transferred 2,796 equity shares from its ESOP Trust to 10 employees on January 21, 2026, following stock option exercises. The largest allocation of 817 shares went to Ketaki Suklikar, with the company notifying major stock exchanges including NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange in compliance with listing requirements.

21Jan 26

ICICI Securities Maintains Hold Rating on Tech Mahindra with Target Price of ₹1,600

ICICI Securities maintains HOLD rating on Tech Mahindra with ₹1,600 target price following strong Q3FY26 performance under CEO Mohit Joshi. The company targets outpacing large-cap peers in FY27 through improved deal wins, communication vertical growth, and expanding high-value accounts. Tech Mahindra aims for 15% EBIT margin by FY27 end, with ICICI Securities raising EPS estimates by 4% for FY27 and 2% for FY28, though noting the stock has already re-rated to reflect the earnings turnaround.

21Jan 26

Motilal Oswal Maintains BUY Rating on Tech Mahindra with ₹2,350 Target Price

Motilal Oswal maintains BUY rating on Tech Mahindra with ₹2,350 target price following strong Q3FY26 results. The company reported USD 1.6 billion revenue (up 1.7% QoQ), EBIT margin of 13.1% (up 100bp), and adjusted PAT of ₹13.00 billion (up 10.9% QoQ, 34.7% YoY). Deal wins of USD 1,096 million TCV grew 34% QoQ and 47% YoY, supporting the turnaround story.

21Jan 26

Tech Mahindra Hits Fresh 52-Week High After Breaking Consolidation Phase

Tech Mahindra has broken out from a long consolidation phase to achieve a fresh 52-week high, with the stock gaining over 6% weekly and 16% monthly. Technical experts suggest short-term traders could target ₹1,850 levels within 1-2 months, following the breakout above the previous resistance at ₹1,700.

20Jan 26

Mahindra & Mahindra Plans Electric Three-Wheeler Business IPO in 2027, CEO Announces at Davos

Mahindra & Mahindra CEO Anish Shah announced plans to list the electric three-wheeler business in 2027 during an exclusive interview at Davos. The strategic IPO aims to unlock value and fund future growth, with the e3W arm deemed ready for independent scaling. Currently, EVs represent 7% of Mahindra's volumes, targeting 20-30% over time, though infrastructure challenges remain a key bottleneck for broader adoption.

20Jan 26

Prabhudas Lilladher Upgrades Tech Mahindra to Accumulate, Sets Target Price at ₹1,860

Prabhudas Lilladher upgrades Tech Mahindra to 'Accumulate' from 'Hold' with a target price of ₹1,860, driven by strong Q3 performance with 1.7% QoQ revenue growth exceeding estimates. The company secured a $500 million 5-year contract with a European telecom operator and achieved $2.7 billion in 9-month deal TCV, up 44% YoY. The brokerage projects sustained growth with margin improvements of 270bps, 200bps, and 50bps YoY for FY26E-FY28E respectively.

20Jan 26

Tech Mahindra Reports Strong Q3 Results; Deven Choksey Sets Target at ₹1,805

Tech Mahindra delivered strong Q3 results with revenue of ₹1,43,932 million, up 8.3% YoY and exceeding estimates by 4.1%. EBIT surged 40.1% YoY to ₹18,919 million with margins expanding to 13.1% due to operational improvements and the Project 40s efficiency program. PAT declined 6.1% QoQ to ₹11,220 million due to a one-time provision of ₹2,724 million for wage code compliance. Both IT services and BPS segments showed positive growth. Deven Choksey set a target price of ₹1,805 but downgraded rating to "ACCUMULATE" citing recent stock price appreciation.

19Jan 26

Anand Rathi Maintains BUY Rating on Tech Mahindra with Target Price of ₹1,964

Anand Rathi maintains BUY rating on Tech Mahindra with ₹1,964 target price, citing strong Q3FY26 results including 1.7% quarterly revenue growth and EBIT margin expansion to 13.1%. The company secured a $500 million European telecom deal and achieved over $1 billion in quarterly TCV. The brokerage expects growth from telecom, BFSI, manufacturing, and retail segments, noting that Tech Mahindra has addressed previous growth concerns with exceptional performance.

19Jan 26

Mahindra & Mahindra Schedules Q3 FY26 Analyst Meet for February 11, 2026

Mahindra & Mahindra has scheduled its Q3 FY26 analyst meet for February 11, 2026, from 3:30-4:30 PM IST in Mumbai. The hybrid event requires mandatory pre-registration through a dedicated webcast platform, with replay available until March 12, 2026. The company confirmed no unpublished price sensitive information will be shared during the meeting.

19Jan 26

Tech Mahindra to Introduce AI-Specific Pricing Metric Next Quarter, Reports Strong Q3 Performance

Tech Mahindra plans to introduce transparent AI-specific pricing metrics next quarter to better reflect AI value in deals, moving beyond current marketing-focused reporting. The company reported strong December quarter performance with 1.7% sequential revenue growth and ninth consecutive quarter of margin expansion. CEO Mohit Joshi confirmed the turnaround plan remains on track with 15% margin targets while positioning for above-peer growth of 3-5%, marking a significant recovery from FY23 lows.

19Jan 26

Tech Mahindra Shares Rally 4% on Q3 Results; JPMorgan Upgrades with ₹2,100 Target

Tech Mahindra reported strong Q3 performance with revenue growth of 1.7% in constant currency beating estimates of 0.6%, while EBIT margin improved to 13.1% marking ninth consecutive quarter of expansion. The company achieved record deal wins on last-twelve-month basis, prompting JPMorgan to upgrade the stock to 'Overweight' with ₹2,100 target price citing sustainable growth prospects.

19Jan 26

Tech Mahindra Records ₹17.13 Crore NSE Block Trade at ₹1,728.30 Per Share

Tech Mahindra Ltd. executed a major NSE block trade involving 99,109 shares at ₹1,728.30 per share, totaling ₹17.13 crores. The transaction represents significant institutional trading activity and demonstrates continued investor interest in the IT services company at the specified price level.

19Jan 26

Tech Mahindra Targets Faster Growth Than Peers By FY27 With Sector-Specific Outlook

Tech Mahindra has outlined ambitious growth targets for FY27, aiming to outpace industry peers while achieving a 15% EBIT margin. The company expects sector-specific performance with steady BFSI growth, Communications sector targeting 2027 expansion, and High-Tech facing volatility. Europe is set to transition from stability to growth phase supported by a major deal.

19Jan 26

Tech Mahindra Secures New European Telecom Agreement with Delivery Timeline Set

Tech Mahindra has signed a new telecom agreement in Europe with delivery scheduled for the first half of next financial year. The contract is expected to contribute less than 1.6% to total revenue. The agreement represents continued international expansion in telecom services, though with modest financial impact on the company's overall revenue base.

16Jan 26

Tech Mahindra Commits to Organic Growth Strategy Through FY27, Rules Out Major Acquisitions

Tech Mahindra has committed to an organic growth strategy through FY27, ruling out major acquisitions while building on record deal performance and strong pipeline strength. The company maintains confidence in beating peer revenue growth through internal capabilities, supported by strong performance in aerospace and industrial manufacturing despite challenges in technology and entertainment sectors.

16Jan 26

Tech Mahindra Q3: One-Time Charge Impacts Results, FY27 Goals On Track

Tech Mahindra reported Q3 results with revenue of ₹14,393 crore beating estimates despite net profit missing targets due to a ₹2.72 billion one-time charge from new Indian labor laws. The company achieved strong operational performance with deal wins of $1,096 million, ninth consecutive quarter of margin expansion, and remains on track for FY27 goals.

15Jan 26

Tech Mahindra Q3 Preview: Profit and Margins Expected to Improve Quarter-on-Quarter

Tech Mahindra is expected to report strong Q3FY26 results on January 16, 2026, with net profit projected to grow 15.9% QoQ to ₹1,385 crore and EBIT margin expanding to 12.7%. The company has shown consistent margin improvement from 8.5% in Q1FY25 to current levels, while maintaining FY27 guidance for above-industry growth and 15% EBIT margin target.

15Jan 26

Mahindra's SUV Success Earns Nomura Top Pick While Bajaj Auto Faces Cautious Outlook Despite EV Push

Nomura has designated Mahindra & Mahindra as its top automobile sector pick following exceptional booking performance of 93,689 units on day one for the XUV 7XO and XEV 9S models, maintaining a Buy rating with ₹4,355.00 target price. The brokerage projects strong SUV volume growth of 18%, 11%, and 7% over FY26-FY28, with monthly sales targets reaching 65,000 units by FY28. In contrast, Bajaj Auto receives a neutral stance despite launching the affordable Chetak C25 at ₹91,400.00, with Nomura citing limited upside potential given current premium valuations at 21.4 times FY28 earnings.

15Jan 26

Tech Mahindra Q3 Preview: Profit Set to Climb Despite One-Time Labour Code Charges

Tech Mahindra is projected to deliver strong Q3 performance with 40% YoY profit growth and 7% revenue increase, according to brokerage estimates. Sequential revenue growth is expected at 0.4-0.7% in constant currency, driven by BFSI, communications, and enterprise segments. Margin expansion of 40-60 basis points is anticipated through cost optimization and operational efficiencies. Deal wins are projected between ₹4,980-7,470 crores, with focus on telecom vertical recovery and European market traction.

14Jan 26

Mahindra & Mahindra Employees Exercise 50,199 Stock Options Under ESOP Scheme

Mahindra & Mahindra transferred 50,199 equity shares to 50 employees through its Employee Stock Option Trust on January 14, 2026. Ruzbeh Irani received the largest allocation of 19,558 options, while the distribution ranged from 25 to 19,558 options per employee. The company notified all major stock exchanges in compliance with listing requirements.

14Jan 26

Mahindra XEV 9S and XUV 7XO Record 93,689 Bookings Worth Over ₹20,500 Crore

Mahindra & Mahindra achieved 93,689 consolidated bookings for XEV 9S and XUV 7XO SUVs by 2:00 pm on January 14, 2026, generating booking value over ₹20,500 crore. The XEV 9S deliveries begin January 26, 2026, while XUV 7XO deliveries commenced January 14, 2026. This milestone strengthens Mahindra's leadership in India's SUV segment across electric, diesel, and petrol powertrains.

14Jan 26

Mahindra & Mahindra Records 93,689 Bookings for XEV 9e and XUV 7XO Models

Mahindra & Mahindra has recorded 93,689 bookings for its XEV 9e and XUV 7XO models, demonstrating strong consumer demand and successful market positioning. The impressive booking figures highlight the company's ability to generate substantial interest in its latest vehicle offerings and reflect effective product development strategies in the competitive automotive sector.

12Jan 26

Mahindra Lifespace Developers Plans to Apply for KRERA Approval to Change Project Promoter

Mahindra Lifespace Developers has announced plans to apply for KRERA approval to change its project promoter. This regulatory compliance initiative represents a strategic corporate restructuring move within the company's real estate operations, demonstrating commitment to transparency and stakeholder protection.

09Jan 26

Mahindra & Mahindra Establishes Joint Control Over Tech Mahindra Foundation for Enhanced CSR Strategy

Mahindra & Mahindra Limited executed a joint control agreement with Tech Mahindra Limited over Tech Mahindra Foundation on January 9, 2026, establishing equal board representation to align CSR strategies and maximize social impact. TMF, which focuses on education, employability, and disability initiatives, has been classified as an associate of M&M under the Companies Act, 2013, with no changes in shareholding patterns of any entities involved.

09Jan 26

Mahindra & Mahindra December Sales Jump 27% YoY; Production Up 25.4%

Mahindra & Mahindra achieved strong December results with 27% year-on-year growth in total sales to 85,501 units and 25.4% increase in production to 68,992 units, though exports declined 9.3% to 2,849 units. The company also launched electric variants of its XUV 3XO model featuring a 39.4 kWh battery and 285 km range, responding to customer demand for electric powertrain options in its fastest-selling SUV lineup.

09Jan 26

Mahindra & Mahindra Receives Industry-Leading ESG Rating of 69 from SEBI-Registered Provider

Mahindra & Mahindra Limited has been assigned an industry-leading ESG rating of 69 (Strong) by SEBI-registered ESG Risk Assessments & Insights Limited. The rating was determined through an independent annual assessment process using publicly available company data, without direct engagement from the company. The disclosure was made to multiple stock exchanges under regulatory requirements on January 9, 2026.

09Jan 26

Mahindra Q3 Production Jumps 25%, Sales Rise 27% as GST 2.0 Benefits Drive Demand

Mahindra & Mahindra reported strong Q3 performance with production rising 25% to 68,992 units and sales jumping 27% to 85,501 units, driven by sustained demand from GST 2.0 benefits. The revised GST structure reduced tax rates significantly across the SUV portfolio, with entry-level models seeing reductions from 31% to 18% and premium models dropping from 48% to 40%. While domestic performance remained robust, exports declined 9% to 2,849 units during the quarter.

09Jan 26

Motilal Oswal Maintains BUY Rating on Mahindra & Mahindra with ₹4,521 Target Price

Motilal Oswal has reiterated its BUY rating on Mahindra & Mahindra with a target price of ₹4,521, expecting strong growth driven by new model launches. The brokerage projects 14% UV volume CAGR over FY25-28E, with the XUV7XO expected to add 2,000-3,000 incremental monthly units. The company's robust pipeline includes two ICE variants and one EV for FY27, supporting projected revenue, EBITDA, and PAT growth rates of 19%, 18%, and 21% respectively over FY25-28E.

09Jan 26

Mahindra & Mahindra announces senior management changes in HR leadership

Mahindra & Mahindra has announced planned changes in its senior HR leadership, with Mr. Ruzbeh Irani retiring after 19 years as President – Group Human Resources on April 1, 2026, and Mr. Rohit Thakur taking over as Group Chief Human Resources Officer from April 2, 2026. Mr. Thakur brings extensive experience from leadership roles at Accenture, Microsoft India, GE, and startups, with strong academic credentials from SRCC Delhi and XLRI Jamshedpur.

09Jan 26

Motilal Oswal Maintains Buy Rating on Mahindra & Mahindra with Target Price of ₹4,521

Motilal Oswal Securities has reaffirmed its Buy rating on Mahindra & Mahindra with a target price of ₹4,521.00. The maintained positive recommendation reflects the brokerage's continued confidence in the automotive manufacturer's business fundamentals and growth prospects. This rating provides investors with guidance on the stock's potential, suggesting upside potential from current market levels.