Nov 8, 04:40 AM

Mahindra & Mahindra Reports Strong Q2 Earnings, Stock Up 96%

Mahindra & Mahindra (M&M) has reported strong Q2 earnings, showing resilience in the autos and farm equipment sectors despite market volatility. The company is optimistic about the future of electric vehicles (EVs) in India, with plans to launch two new electric SUVs, the XEV 9e and the BE 6e, later this month. M&M's stock has seen a significant increase of 96% over the past year, although it has recently faced some corrections. The management acknowledges short-term international challenges but remains positive about the long-term prospects. Additionally, the company is looking to expand its hospitality portfolio by five times.

#India #XEV 9e #BE 6e

Written with ChatGPT (GPT-4o).