M&M share worth falls regardless of reserving robust Q1 outcomes: do you have to purchase, promote or maintain?

Shares of Mahindra & Mahindra (M&M) declined as a lot as 2 per cent on Thursday, at the same time as the corporate reported a powerful set of numbers for the primary quarter of FY26. Finally test, M&M was buying and selling at Rs 3,209, reflecting broader market weak point regardless of upbeat fundamentals.

M&M posted a 32 per cent year-on-year rise in web revenue to Rs 3,450 crore for the June 2025 quarter, pushed by strong demand for its high-margin SUVs and tractors. Income from operations stood at Rs 34,143 crore, up 26 per cent from Rs 27,133 crore in Q1FY25.

Brokerages Keep Bullish Stance on M&M Publish Q1

Regardless of the dip in share worth, brokerages stay optimistic on M&M.

Jefferies, which raised its goal worth to Rs 4,000, famous that the corporate delivered its thirteenth consecutive quarter of double-digit EBITDA progress, gained market share in SUVs, and rose to the #2 spot within the passenger car phase.

Goldman Sachs additionally maintained its ‘Purchase’ ranking, revising its goal to Rs 3,900.

Morgan Stanley, JP Morgan, CLSA, Citi, and Nomura echoed comparable confidence, citing robust steering and a wholesome launch pipeline.

M&M reaffirmed its mid-to-high teen UV progress steering for FY26 and is about to launch a brand new platform on August 15, adopted by an Analyst Day in November. Tractor demand can also be exhibiting indicators of enchancment.

With three new SUVs deliberate for launch in calendar 12 months 2026 and strong rural demand, analysts see M&M well-positioned to maintain progress momentum, regardless of near-term market volatility.