M&M Shares: Brokerage house Nuvama has maintained its 'Buy' rating on Mahindra & Mahindra shares, giving a big target of Rs 4400.

Brokerage house Nuvama is confident of Mahindra & Mahindra shares

M&M Shares: The stock market is currently buzzing about an auto stock that has the potential to rise by more than ₹900 from its current price level. This isn't our opinion, but rather the brokerage firm Nuvama.

Here, we're discussing the shares of automobile company Mahindra & Mahindra Limited (M&M). Nuwama remains confident in the strong performance of Mahindra & Mahindra shares. With this positive outlook, Nuwama has maintained its 'Buy' rating, with a target price of ₹4,400.

The company is consistently giving excellent returns 

M&M, listed on the BSE Sensex, had a market capitalization of ₹4,34,178.09 crore as of February 25. This stock has earned investors' trust by delivering impressive returns of over 450% over the past ten years.

Why is the brokerage so confident about the stock? 

Nuvama believes the company is well-positioned for growth in its auto and farm businesses, upcoming product launches, and improved profitability metrics. Nuvama estimates Mahindra & Mahindra's revenue to grow at a CAGR of 15% between 2025 and 2028, driven by strong demand for SUVs and the company's upcoming new models.

As already mentioned, the company is also steadily progressing in the farm business. Due to ongoing improvements in the agricultural sector and government policies, this segment is expected to grow at a CAGR of 13% in the future. The brokerage is also confident in the company's plans for the EV segment. With new models like the BE7 and Vision series, the company is expected to continue its growth. 

ahead in exports

Nuvama also believes that due to the company's strengthening presence in North America, Brazil and ASEAN countries, exports can also grow at a CAGR of 12 percent during 2025-28.