Mahindra & Mahindra (M&M) closed today at ₹3,584.8, showing a slight decline of about 0.2% from the previous close. The stock traded in a range between ₹3,569 and ₹3,616 during the session, indicating sideways movement with moderate volatility. Despite the minor pullback, M&M remains well above its 50-day and 200-day moving averages, supporting its medium-term upward trend.
The stock exhibits strong fundamentals with an EPS of ₹122.13 and a price-to-earnings ratio near 29.35, reflecting reasonable valuation relative to its earnings. Return on capital employed (ROCE) stands around 13.9%, and the company has a consistent track record of delivering sales and profit growth at healthy compounded annual rates over recent years.
Key support levels to watch are ₹3,550 and ₹3,500, while resistance lies near the recent session high at ₹3,616 and extends toward the 52-week high vicinity near ₹3,724. Momentum indicators show mild consolidation, suggesting that a break above resistance could lead to renewed buying interest.
Overall, M&M is in a stable position with a constructive outlook, balancing between short-term consolidation and medium- to long-term targets driven by robust business performance and diversified presence across automotive and industrial segments.
The stock exhibits strong fundamentals with an EPS of ₹122.13 and a price-to-earnings ratio near 29.35, reflecting reasonable valuation relative to its earnings. Return on capital employed (ROCE) stands around 13.9%, and the company has a consistent track record of delivering sales and profit growth at healthy compounded annual rates over recent years.
Key support levels to watch are ₹3,550 and ₹3,500, while resistance lies near the recent session high at ₹3,616 and extends toward the 52-week high vicinity near ₹3,724. Momentum indicators show mild consolidation, suggesting that a break above resistance could lead to renewed buying interest.
Overall, M&M is in a stable position with a constructive outlook, balancing between short-term consolidation and medium- to long-term targets driven by robust business performance and diversified presence across automotive and industrial segments.
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.