Can M&M rally 21%? Motilal Oswal reveals 3 growth drivers
Motilal Oswal has maintained its ‘Buy’ rating for Mahindra & Mahindra after the auto major launched XUV7XO and the XEV9S. The brokerage has a target price of Rs 4,521, expecting a 21% upside potential over the next 12 months. M&M has a strong launch pipeline and is expected to deliver a 14% volume CAGR in UVs over FY25-28. The company also has a dominant market share.