Earnings Alerts

Mahindra & Mahindra (MM) Earnings: August Automotive Sales Reach 76,755 Units

By September 2, 2024 No Comments
  • Mahindra sold a total of 76,755 automotive units in August 2024.
  • Out of these, 3,060 units were exported.
  • Passenger vehicle sales reached 43,277 units.
  • Commercial vehicle sales amounted to 21,092 units.
  • Mahindra also sold 20,518 tractors in August.
  • Among these, 1,399 tractors were exported.
  • Market analysts recommended 35 buys, 5 holds, and 1 sell for Mahindra stocks.

A look at Mahindra & Mahindra Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma’s Smart Scores, Mahindra & Mahindra has a positive long-term outlook. The company scored well in Growth, Dividend, and Momentum, indicating strength in these areas. With a robust score of 5 in Growth, Mahindra & Mahindra is poised for expansion and development in the future. Additionally, a high score of 4 in Dividend suggests that the company is rewarding its shareholders with solid returns. Momentum, also rated at 4, shows that Mahindra & Mahindra has strong upward momentum in its market performance. However, the company scored slightly lower in Resilience and Value with scores of 2 and 3, respectively.

Based on the information provided, Mahindra & Mahindra Ltd. is a diverse manufacturing company involved in the production of automobiles, farm equipment, and automotive components. Its product range includes a variety of vehicles such as commercial vehicles, passenger cars, and agricultural tractors. In addition, Mahindra & Mahindra manufactures internal combustion engines, spare parts, and machine tools. Overall, the company’s Smart Scores suggest a promising future ahead, particularly in terms of growth potential, dividend payouts, and market momentum.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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