India's Mahindra & Mahindra up after stake sale, Q2 results

RBL Bank

06/11/2025 04:50

** Shares of Mahindra & Mahindra MAHM.NS rise as much as 3.6% to 3674.4 rupees, eyes three straight sessions of gain

** Firm on Thursday sells its entire 3.5% stake in RBL Bank RATB.NS for 6.78 bln rupees ($77.1 mln), a 62.5% gain on its initial 4.17 bln rupees investment

** On Tuesday the carmaker posted nearly 18% y/y rise in Q2 PAT, while rev rose 21.3%

** Centrum says growth on strong volumes across SUV, LCV, farm

** Adds, co to outperform PV industry in FY26 with mid-to-high teen growth, driven by strong portfolio traction, new launches, post-GST demand momentum

** PhillipCapital sees auto volumes growing ~15% FY25–FY28, led by SUVs & SCVs

** Maintains 'BUY' rating after co beat its estimates, driven by strong auto segment performance

** Stock rated as "Buy" on average by 34 analysts; median PT at 4,050 rupees as per data compiled by LSEG

** RATB.NS trading up 0.7%; MAHM.NS up 1.4%

** YTD, MAHM up ~19%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))