Anyone tracking M&M? Very strong traction with 1) robust sales performance especially XUV700 where sales jumped 40% in July following price cut, 2) good operational performance in Q1, 3) Thar much anticipated 5-door launch, 4) Tractor performance will get a boost due to budget allocation.
While the stock has rallied along with other Auto companies, I expect outperformance in near-term, primarily driven by upbeat SUV performance.
| Subscribe To Our Free Newsletter |
