India's Mahindra and Mahindra gains after quarterly profit rise

Mahindra And Mahindra

30/07/2026 09:06

** Shares of India's Mahindra and Mahindra MAHM.NS rise as much as 3.3% to 3,327 rupees; their highest level since May 8, 2026; last up 2.6%
** Stock on track for its biggest intraday percentage gain since June 25, 2026
** Automobile manufacturing co reports June-quarter PAT rises 6.8% Y/Y to 36.85 billion rupees ($385.03 million)
   ** Consol revenue from operations rises 23% Y/Y in the quarter
   ** Stock rated "buy" on average by 34 analysts; median PT is 4200 rupees - LSEG compiled data
   ** Stock up 0.85% in Nifty Auto .NIFTYAUTO index as of 13:30 IST
** Stock down 11.9% YTD

($1 = 95.7075 Indian rupees)

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))