India's Mahindra & Mahindra climbs on higher June sales

Tata Motors

01/07/2026 06:14

** Mahindra & Mahindra MAHM.NS shares rise 2.9% to 3,156.80 rupees
** Top gainer on Nifty auto index .NIFTYAUTO, which is up 1.1%
** Also among top 3 gainers on benchmark Nifty 50 .NSEI, which is up 0.46%
** Co reports 37% growth in June total sales, SUV sales jump 28% 
** Other carmakers Tata Motors Passenger Vehicles TAMO.NS and market leader Maruti Suzuki India MRTI.NS also set to report their June sales on Wednesday
** Avg rating of 34 analysts on MAHM at "buy"; median PT is 4,200 rupees  - LSEG-compiled data
** YTD, stock down 15% vs auto index's 5% drop and Nifty 50's 8.2% fall

(Reporting by Kashish Tandon in Bengaluru)
((Kashish.tandon@thomsonreuters.com))