M&M Emerges as Top Nifty Gainer as Brokerages Back Its Ambitious Growth Targets

M&M Stock Emerges as Top Nifty Gainer as Brokerages Back ‘Ambitious’ Growth Vision

Mahindra & Mahindra (M&M) shares turned into one of the top gainers on the Nifty50 on Friday after the company unveiled an aggressive long-term roadmap aimed at transforming its auto business. The upbeat sentiment followed the Mahindra Group’s investor day presentation, where the company laid out a bold plan to multiply its consolidated auto revenue by eight times by FY30 over FY20 levels. This renewed confidence pushed M&M stock higher as analysts reiterated bullish calls on the automaker’s future trajectory.

Around 11:45 am, Mahindra & Mahindra share price was trading at Rs 3,757.9, up 1.1 percent on the National Stock Exchange, outperforming broader market trends and reinforcing the stock’s strong institutional support.

Mahindra’s Vision for FY30 Growth Sparks Market Optimism

The company disclosed that its auto division generated Rs 90,825 crore in consolidated revenue during FY25, reflecting a 3.2x surge from FY20 levels. Mahindra highlighted that its enhanced focus on SUVs and light commercial vehicles (LCVs) will form the backbone of its future expansion strategy.

This multi-year growth blueprint energized investor interest, especially as Mahindra outlined a structured roadmap backed by market leadership, governance systems, innovation, and scale.

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Brokerages Issue Bullish Calls on M&M Stock After Investor Day

Following the investor day presentation, several brokerages reaffirmed positive views on the M&M stock, describing the company’s growth targets as ambitious yet achievable.

Antique Stock Broking Praises “Bold and Coherent Vision”

Antique Stock Broking said Mahindra’s roadmap reflects “a bold and coherent vision,” adding that the “staggeringly ambitious” revenue expansion goal is supported by the company’s strong positioning and robust technological initiatives.

Emkay Global Highlights Strong EV Profitability Path

Emkay Global reiterated that electric vehicles remain central to M&M’s long-term strategy. It noted that Mahindra has laid out a clear path to profitability for its EV segment, which is expected to play a pivotal role in shaping future volumes and margins.

PhillipCapital Calls 80% of Targets ‘Attainable’

PhillipCapital, while acknowledging the scale of the company’s ambitions, said that at least 80 percent of Mahindra’s stated goals are attainable. It raised its earnings estimates by 2 percent for FY26, 3 percent for FY27, and 4 percent for FY28, reflecting stronger visibility on growth and profitability.

Strong Analyst Consensus Supports Uptrend in M&M Stock

According to LSEG data, the M&M stock enjoys an average ‘buy’ rating from 34 analysts, with a median target price of Rs 4,118.5. Analysts cite the company’s category leadership in SUVs, resilient balance sheet, and accelerating EV investment as key reasons behind its consistent outperformer status in the auto sector.

Motilal Oswal Maintains ‘Buy’ With Rs 4,275 Target

Motilal Oswal said that Mahindra’s long-term targets across verticals reinforce visibility of future opportunities. The brokerage noted that Mahindra may consider entering a new auto segment next year, provided it can sustain an 18 percent return on equity (ROE) in the long run.

It maintained a ‘buy’ rating with a target price of Rs 4,275, based on September 2027 projections.

Mahindra Targets Global SUV Leadership With Ambitious Expansion Plan

Reaffirming its aspiration “to be the world’s fastest-growing SUV brand,” Mahindra unveiled an aggressive international expansion roadmap. The automaker said it plans to take its portfolio of “authentic, adventure-ready” SUVs to right-hand-drive markets such as the UK, Australia, New Zealand, and South Africa, along with select left-hand-drive markets across Europe.

Analysts believe this international thrust could significantly strengthen Mahindra’s brand visibility and revenue share from global markets.

EV Push at the Center of Mahindra’s FY30 Strategy

Mahindra also laid out a massive push toward electrification, reaffirming that EVs will serve as the nucleus of its future mobility strategy.

Target: One Million Mahindra EVs on Indian Roads by 2031

The company aims to deploy one million EVs on Indian roads by 2031, positioning itself as a major driver of sustainable mobility. The plan includes expanding its electric commercial vehicle footprint to over 10 global markets, signaling its intention to become a leading global EV exporter.

Brokerages expect Mahindra’s EV portfolio—backed by its proven track record in SUVs—to remain a strong catalyst for future re-rating of the M&M stock.

Industry Outlook: Investors Cheer Mahindra’s Multi-Year Strategy

The market response indicates growing confidence in Mahindra’s execution capabilities and its potential to capture a larger share of India’s fast-growing passenger vehicle and EV markets. Analysts widely agree that the company’s emphasis on SUVs, electrification, and global expansion places it in a competitive position to deliver sustained long-term growth.

With a clear roadmap, rising analyst upgrades, and strong institutional backing, the M&M stock appears poised for continued traction as the company progresses toward its ambitious FY30 goals.

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