SUV: M&M's premium valuation to ride on SUV, tractor demand
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Synopsis Mahindra & Mahindra may see an earnings-led upgrade due to encouraging bookings for its newly-launched compact SUV, the XUV 3XO, forecasts of improvement in the tractor segment, and expectations of increased industry volume growth. The company's premium valuation at 23 times one-year forward earnings reflects investor confidence in its market performance. ET Intelligence Group: Mahindra & Mahindra may see earnings-led upgrade due to encouraging bookings for its newly-launched compact SUV and forecasts of improvement at the tractor segment, helping capture investor interest in a stock that outperformed the market with 28% returns in three months.Volume growth of more than 20% in the SUV segment and low single-digit expansion in tractors as predicted could help the company post ₹1 lakh crore in BY ET Bureau 4 mins read, Last Updated: May 20, 2024, 08:35:00 AM IST Gift A Story Share member-only stories with your friends ...