Mahindra & Mahindra Remains Nomura's Top OEM Pick in India's Auto Sector -- Market Talk

Dow Jones

2025/02/10

0650 GMT - Mahindra & Mahindra remains Nomura's top original equipment manufacturer pick in India's auto and auto-parts sector, the brokerage's analysts say in a research report. Consumers' initial response to the automaker's battery EVs is strong, say the analysts. They see upside potential to Nomura's monthly sales estimates of 3,000 units for FY 2026 and 7,000 units for FY 2027. With further traction in demand for Mahindra & Mahindra's tractors and market share, the brokerage lifts its FY 2025 growth estimate for the company to 10% from 7%. It raises the stock's target price to INR3,681.00 from INR3,664.00 with an unchanged buy rating. Shares are 0.3% lower at INR3,189.35. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 10, 2025 01:50 ET (06:50 GMT)

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Consumers' initial response to the automaker's battery EVs is strong, say the analysts. They see upside potential to Nomura's monthly sales estimates of 3,000 units for FY 2026 and 7,000 units for FY 2027. With further traction in demand for Mahindra &amp; Mahindra's tractors and market share, the brokerage lifts its FY 2025 growth estimate for the company to 10% from 7%. It raises the stock's target price to INR3,681.00 from INR3,664.00 with an unchanged buy rating. Shares are 0.3% lower at INR3,189.35. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 10, 2025 01:50 ET (06:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mahindra & Mahindra Remains Nomura's Top OEM Pick in India's Auto Sector -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMahindra & Mahindra Remains Nomura's Top OEM Pick in India's Auto Sector -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-10 14:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0650 GMT - Mahindra &amp; Mahindra remains Nomura's top original equipment manufacturer pick in India's auto and auto-parts sector, the brokerage's analysts say in a research report. Consumers' initial response to the automaker's battery EVs is strong, say the analysts. They see upside potential to Nomura's monthly sales estimates of 3,000 units for FY 2026 and 7,000 units for FY 2027. With further traction in demand for Mahindra &amp; Mahindra's tractors and market share, the brokerage lifts its FY 2025 growth estimate for the company to 10% from 7%. It raises the stock's target price to INR3,681.00 from INR3,664.00 with an unchanged buy rating. Shares are 0.3% lower at INR3,189.35. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 10, 2025 01:50 ET (06:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6505","symbol_name":"周期性消费品与消费者服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510288675","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510288675","pubTimestamp":1739170200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0650 GMT - Mahindra & Mahindra remains Nomura's top original equipment manufacturer pick in India's auto and auto-parts sector, the brokerage's analysts say in a research report. Consumers' initial response to the automaker's battery EVs is strong, say the analysts. They see upside potential to Nomura's monthly sales estimates of 3,000 units for FY 2026 and 7,000 units for FY 2027. With further traction in demand for Mahindra & Mahindra's tractors and market share, the brokerage lifts its FY 2025 growth estimate for the company to 10% from 7%. It raises the stock's target price to INR3,681.00 from INR3,664.00 with an unchanged buy rating. Shares are 0.3% lower at INR3,189.35. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6505":"周期性消费品与消费者服务","BK6096":"消闲用品","BK4552":"Archegos爆仓风波概念","N0Z.SI":"联志国际","BK4127":"投资银行业与经纪业","NMR":"野村控股"},"translate_title":"Mahindra&Mahindra仍然是野村证券在印度汽车行业的首选原始设备制造商——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"N0Z.SI":1,"NMR":1},"content_text":"0650 GMT - Mahindra & Mahindra remains Nomura's top original equipment manufacturer pick in India's auto and auto-parts sector, the brokerage's analysts say in a research report. Consumers' initial response to the automaker's battery EVs is strong, say the analysts. They see upside potential to Nomura's monthly sales estimates of 3,000 units for FY 2026 and 7,000 units for FY 2027. With further traction in demand for Mahindra & Mahindra's tractors and market share, the brokerage lifts its FY 2025 growth estimate for the company to 10% from 7%. It raises the stock's target price to INR3,681.00 from INR3,664.00 with an unchanged buy rating. Shares are 0.3% lower at INR3,189.35. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 10, 2025 01:50 ET (06:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}