M&M Stock Explodes: +92% Gains in a Year!
Mahindra & Mahindra (M&M) shares surged on January 2nd, 2025, driven by strong December sales performance. Passenger vehicle sales witnessed an impressive 18% year-on-year growth, reaching 41,424 units. This robust performance, coupled with the company’s recognition as a World Leader in the Automotive sector by the Dow Jones Sustainability Index, has solidified investor confidence and propelled M&M’s stock to new heights.
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M&M Stock Explodes: +92% Gains in a Year!
Mahindra’s analogy: baby steps, big dreams
M&M Stock Explodes: +92% Gains in a Year! Anand Mahindra shared a heartwarming New Year message along with a video of a mother witnessing her baby take his first steps while she’s cleaning the house. This moment of joy and surprise served as a powerful analogy for Mahindra’s message about small beginnings. He emphasized that just like a toddler’s first steps, the journey toward fulfilling New Year’s resolutions starts with baby steps. The video resonated with many, who saw the comparison between the toddler’s milestone and the importance of steady progress in achieving personal goals.
Mahindra: Audacity, innovation, and integrity drive Mahindra’s success
M&M Stock Explodes: +92% Gains in a Year! In his New Year 2025 message to employees, Anand Mahindra highlighted the Mahindra Group’s achievements in 2024, expressing pride in their progress and optimism for the future. He emphasized the importance of “audacity, innovation, purpose, and integrity” as key factors for continued success. Mahindra praised the hard work of all employees and noted significant milestones, such as the group’s strong financial performance, including a 77% increase in share price and recognition in the Dow Jones Sustainability Index.
He attributed Mahindra’s success, especially in the electric vehicle sector, to audacity and innovation, stressing the importance of taking bold steps and pushing the boundaries of technology and design. However, he also reaffirmed the group’s foundation on integrity, emphasizing that financial growth should not come at the expense of ethical principles.
Mahindra also expressed hope for India’s economic potential, suggesting that the country is well-positioned to thrive amid shifting global dynamics. He encouraged employees to continue visualizing and manifesting a better future, aligning with the idea that challenges can be overcome through resilience and foresight.
Jain bullish on M&M, BEL, HINDPETRO
M&M Stock Explodes: +92% Gains in a Year! Ruchit Jain, Head of Equity Technical Research at Motilal Oswal, recommended buying M&M and BEL stocks on January 2, 2025. He noted that M&M stock has outperformed other auto stocks recently and is nearing a breakout from its consolidation phase. With support around its 100-day exponential moving average (DEMA) and positive momentum indicated by the RSI oscillator, the target for M&M is set at ₹3,382, with a stop loss at ₹2,885.
For BEL, Jain highlighted a bullish “Bullish Engulfing” pattern on the daily chart, supported by strong volumes and a positive RSI setup. He expects the stock to resume its uptrend, with a target of ₹311 and a stop loss at ₹284.
Additionally, Jain recommended buying Hindustan Petroleum (HINDPETRO), noting that after a recent correction, the stock has rebounded and is forming a “Higher Top Higher Bottom” structure. The stock is expected to rally, with a target of ₹450 and a stop loss at ₹394.
M&M shines: Sales surge, stock soars
M&M Stock Explodes: +92% Gains in a Year! Mahindra & Mahindra’s shares rose by over 2% on January 1, 2025, following the company’s strong performance in December 2024. The firm reported a 16% increase in overall auto sales, with passenger vehicle sales rising by 18%, reaching 41,424 units compared to 35,174 units in December 2023. The stock climbed 2.45% to ₹3,080.70 on the BSE, and 2.35% to ₹3,078 on the NSE. Additionally, M&M achieved the Dow Jones Sustainability Index (DJSI) world leader status in the automotive sector, marking a significant milestone for the company.
M&M stock surges: Strong gains today
M&M Stock Explodes: +92% Gains in a Year! Mahindra & Mahindra’s stock is gaining attention today, January 2, 2025, following its strong performance. On January 1, 2025, the stock closed at ₹3,080.70, with an intra-day high of ₹3,086.65 and a low of ₹2,994.80. The company’s market capitalization stood at ₹383,093.93 crore. The stock’s 52-week range has seen a high of ₹3,221.10 and a low of ₹1,575.25. As of today, the stock has risen by 3.29%, trading at ₹3,182, showing a 6.90% increase over the past week and a 5.50% rise over the last month. The stock has also surged by 92.11% over the past year. Volume data shows 42,173 shares traded today.
In terms of movement, the stock fluctuated between ₹3,086.0 and ₹3,155.0 earlier today, with support and resistance levels at ₹3,096.32 and ₹3,113.30 (R1), respectively. Mahindra & Mahindra’s stock continues to show positive performance both in the short and long term, highlighting its growing momentum in the market.
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