In this context, Mahindra & Mahindra Ltd’s (M&M’s) healthy Q1 performance should be appreciated. “The beat in Mahindra & Mahindra Q1 operating performance was driven by cost-saving initiatives, which diluted the impact of cost inflation," analysts at Motilal Oswal Financial Services Ltd wrote in a note. M&M’s silver lining was the robust performance of the tractor segment with a 7% rise in volumes. M&M is likely to see growth pick up pace with an improvement in auto sales and steadiness in tractors. M&M’s shares have underperformed the Nifty since April despite a favourable tractor outlook.

Source: Mint August 08, 2021 17:37 UTC