Advertisement
trendingNowenglish1761009https://zeenews.india.com/business/news/finance/hsbc-upgrades-mahindra-and-mahindra-citing-valuations_101746.html

HSBC upgrades Mahindra and Mahindra, citing valuations

HSBC upgrades Mahindra and Mahindra to 'overweight' from 'neutral' and raises its target price to 1,445 rupees from 1,340 rupees.

HSBC upgrades Mahindra and Mahindra to "overweight" from "neutral" and raises its target price to 1,445 rupees from 1,340 rupees, saying it is the cheapest large-cap in the domestic autos universe.

"UV (utility vehicle) business is at a trough but with a favourable base in 2HFY15 and multiple triggers in FY16," the investment bank said in a report on Friday.

M&M shares are up 1.7 percent at 11:38 a.m.


Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK