Mahindra & Mahindra Ltd is up for a third straight session today. The stock is quoting at Rs 2834, up 1.66% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.18% on the day, quoting at 25463.9. The Sensex is at 83253.4, up 0.21%. Mahindra & Mahindra Ltd has gained around 2.49% in last one month. Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has gained around 2.46% in last one month and is currently quoting at 25896.4, up 0.38% on the day. The volume in the stock stood at 15.85 lakh shares today, compared to the daily average of 21.8 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 2830.25, up 1.57% on the day. Mahindra & Mahindra Ltd is up 73.44% in last one year as compared to a 27.95% jump in NIFTY and a 57.73% jump in the Nifty Auto index.The PE of the stock is 32.64 based on TTM earnings ending June 24.Powered by Capital Market - Live

Mahindra 3.5 t segment. Veejay Nakra, President - Automotive Division, Mahindra 3.5 t segment. Built to help customers maximise earnings, it offers best-in-class payload, exemplary mileage, and superior maneuverability. With multiple segment-first technology and features, the vehicle ensures a premium cabin experience, unmatched safety, exceptional performance, and capability. The Mahindra Veero is designed to be a category disrupter ahead of all other offerings in this segment, truly living up to the promise of being 'Soch Se Aage'. The price of the All-new Veero starts from Rs 7.99 lakh. Powered by Capital Market - Live

Mahindra & Mahindra announced its production, sales and exports for the month of August 2024 as under:   Aug'24   Aug'23   Production 78,414  71,315     Sales 73,695  67,927    Exports 3,060  2,423  Powered by Capital Market - Live

On World EV Day, Mahindra Last Mile Mobility (MLMML), the pioneer in transforming last mile mobility in India with its market-leading e3Ws, has revealed the name of its all-new commercial electric four-wheeler. MLMML's latest breakthrough in sustainable mobility: the all-new electric four-wheeler will be called 'eZEO'. The name 'e-ZEO', stands for Zero Emission Option, unequivocally conveys the environmental benefits of the electric vehicle. It resonates with the Company's mission: to electrify the last-mile transportation and help customers prosper in their lives. The all-new Mahindra 'e-ZEO' will be a compelling EV option in the ICE-dominated SCV category. The 'e-ZEO' comes with an efficient high-voltage architecture that gives superior energy efficiency, higher range and faster charging times. This along with a compelling cost advantage, will make it the ideal choice for businesses. World EV Day, celebrated every year on September 9, marks a global commitment to sustainable transportation. The launch of the 'e-ZEO' is a testament to Mahindra's dedication to advancing this movement and driving the transition to a greener future.Powered by Capital Market - Live

The headline equity benchmarks traded with modest gains in early afternoon trade. The Nifty hovered near the the 25,300 level. IT shares witnessed buying demand for the sixth consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex gained 244.21 points or 0.30% to 82,609.98. The Nifty 50 index added 60.05 points or 0.24% to 25,295.95. The Sensex and Nifty clocked an all-time high of 82,725.28 and 25,333.65, respectively in early trade. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.14% and the S&P BSE Small-Cap index declined 0.54%. The S&P BSE Mid-Cap index hit an all-time high at 49,306.56. The market breadth was negative. On the BSE, 1,738 shares rose and 2,197 shares fell. A total of 155 shares were unchanged. Economy : The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) stood at 57.5 in August, below July's reading of 58.1 but above its long-run average of 54.0, signalling a substantial improvement in operating conditions. Indian manufacturers registered softer increases in new business and output during August, albeit with rates of expansion remaining elevated by historical standards. One factor that supported the rise in purchasing activity was a moderation in cost pressures. Concurrently, demand resilience meant that firms were comfortably able to share additional cost burdens with their clients by lifting selling prices. New business rose sharply midway through the second fiscal quarter, but the pace of expansion eased to a seven-month low. Panel members attributed the increase to advertising, brand recognition and healthy demand trends. Competitive conditions reportedly dampened growth. Pranjul Bhandari, Chief India Economist at HSBC, said: The Indian manufacturing sector continued to expand in August, although the pace of expansion moderated slightly. New orders and output also mirrored the headline trend, with some panellists citing fierce competition as a reason for slowdown. On a positive note, the rise in input costs slowed sharply. Manufacturers increased their raw material buying activity in order to build safety stocks. In line with input costs, the pace of output price inflation also decelerated, but the deceleration was to a much smaller extent, thereby increasing margins for manufacturers. Business outlook for the year ahead moderated slightly in August, driven by competitive pressures and inflation concerns.' Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 4.57% to 14.01. The Nifty 29 August 2024 futures were trading at 25,369, at a premium of 73.05 points as compared with the spot at 25,295.95. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 46 lakh contracts at the 25,000 strike price. Maximum Put OI of 63.9 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty IT index rose 1% to 43,215.20. The index rallied 5.17% in six consecutive trading sessions. HCL Technologies (up 3.02%), L&T Technology Services (up 1.89%), Infosys (up 1.59%), Persistent Systems (up 1.34%), Tech Mahindra (up 1.3%), Mphasis (up 1.13%), Coforge (up 1.06%), Tata Consultancy Services (up 0.29%) advanced. On the other hand, LTIMindtree (down 0.17%) and Wipro (down 0.08%), edged lower. Stocks in Spotlight: Mahindra & Mahindra declined 1.41%. The auto major announced that its overall auto sales grew by 9.1% to 76,755 vehicles sold in August 2024 as against 70,350 vehicles sold in August 2023. Further, the company's Farm Equipment Sector (FES) announced that its total tractor sales (domestic + exports) during August 2024 was at 21,917 units, up 1.11% from 21,676 units in August 2023. Tata Motors slipped 1.83% after the auto major's domestic and international vehicle sales declined 8.1% to 71,693 units in August 2024 as against 78,010 units sold in August 2023. TVS Motor Company shed 0.79%. The two-wheeler maker's total sales jumped 13.23% to 391,588 units in August 2024 as compared with 345,848 units in August 2023. Steel Strips Wheels (SSWL) rose 0.22%. The company achieved net turnover of Rs 363.10 crore in August 2024, down 6.84% from Rs 389.77 crore posted in August 2023. Powered by Capital Market - Live

Mahindra & Mahindra announced its tractors sales for month of August 2024 as under:  Tractors Sales Aug'24   Aug'23 % Change    Domestic 20518  20647  -1    Exports 1399  1029  36    Total 21917  21676  1        Commenting on the performance, Hemant Sikka, President ' Farm Equipment Sector, Mahindra & Mahindra said, 'We have sold 20518 tractors in the domestic market during August. The cumulative monsoon rainfall is normal to above normal in Southern, central, western, and most northern states, while it has been deficient in few eastern and northeastern states. Reservoir levels have improved substantially and Kharif sowing for paddy, pulses, oil seeds and sugarcane has progressed very well and higher than last year. The upcoming festive season, above normal monsoon, bumper Kharif harvest and favorable terms of trade for farmers are likely to drive growth of tractor industry going forward. In the exports market, we have sold 1399 tractors, a growth of 36% over last year.Powered by Capital Market - Live

On month on month basis, Mahindra & Mahindra's (M&M) total auto sales climbed 15.52% in August 2024 compared to 66,444 units sold in July 2024. In the utility vehicles segment, the company sold 43,277vehicles in the domestic market, registering a growth of 16% year on year and overall, 44,670 vehicles, including exports. The company sold 21,092 units of commercial vehicles (LCV+MHCV) in August 2024, down 10.68% from 23,613 units sold in August 2023. Three wheelers (including electric 3Ws) sales jumped 32.4% to 9,326 units in August 2024 as against 7,044 units sold in the same period a year ago. Exports for the month stood at 3,060 vehicles, up 26.29% on YoY basis. Further, the company's Farm Equipment Sector (FES) announced that its total tractor sales (domestic + exports) during August 2024 was at 21,917 units, up 1.11% from 21,676 units in August 2023. Domestic tractor sales declined marginally to 20,518 units in August 2024 as against 20,647 units sold in August 2023. Tractor exports climbed 35.96% YoY to 1,399 units during the period under review. Hemant Sikka, President ' Farm Equipment Sector, Mahindra & Mahindra, stated, 'We have sold 20518 tractors in the domestic market during August. The cumulative monsoon rainfall is normal to above normal in Southern, central, western, and most northern states, while it has been deficient in few eastern and northeastern states. Reservoir levels have improved substantially and Kharif sowing for paddy, pulses, oil seeds and sugarcane has progressed very well and higher than last year. The upcoming festive season, above normal monsoon, bumper Kharif harvest and favorable terms of trade for farmers are likely to drive growth of tractor industry going forward.' M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The company reported 5% decline in standalone net profit to Rs 2,613 crore in Q1 FY25 as compared with Rs 2,759 crore posted in corresponding quarter last year. Revenue from operations jumped 11% YoY to Rs 27,133 crore in Q1 FY25. Shares of Mahindra & Mahindra slipped 1.34% to Rs 2,768.50 on the BSE. Powered by Capital Market - Live

Mahindra & Mahindra announced its overall auto sales for the month of August 2024 as detailed under:  Category  Aug'24 Aug'23  % Change    Passenger vehicles (Domestic) 43277  37270  16    Commercial vehicles and 3-wheelers (Domestic) 30418  30657   -1   Exports 3060  2423  26    Total sales 76755  70350  9            Powered by Capital Market - Live

The key equity indices traded with limited gains in afternoon trade. The Nifty traded above the 25,200 level. Barring FMCG index all other indices traded in green on the NSE. At 13:30 IST, the barometer index, the S&P BSE Sensex gained 310.79 points or 0.30% to 82,387.77. The Nifty 50 index added 80.70 points or 0.32% to 25,232.65. The Sensex and Nifty clocked an all-time high of 82,637.03 and 25,258.80, respectively in early trade. In the broader market, the S&P BSE Mid-Cap index rose 0.71% and the S&P BSE Small-Cap index gained 0.61%. The S&P BSE Mid-Cap index hit an all-time high at 49,174.30. The market breadth was strong. On the BSE, 2,225 shares rose and 1,617 shares fell. A total of 128 shares were unchanged. Gainers & Losers: Bajaj Finance (up 2.04%), Power Grid Corporation of India (up 2.01%), Mahindra & Mahindra (up 1.98%), Cipla (up 1.94%) and Bajaj Finserv (up 1.77%) were major Nifty gainers. Tata Motors (down 1.23%), Reliance Industries (down 0.67%), ITC (down 0.54%), Maruti Suzuki India (down 0.41%) and Tech Mahindra (down 0.38%) were major Nifty losers. Mahindra & Mahindra (M&M) added 1.98% after the Mahindra Group signed a non-binding memorandum of understanding (MoU) with Sentrycs to develop and provide anti-drone solutions in India for civilian and military applications. Stocks in Spotlight: Torrent Pharmaceuticals added 2.56% after the United States Food and Drug Administration (USFDA) issued establishment inspection report (EIR) with voluntary action indicated (VAI) classification to the Gujarat manufacturing facility. ITI gained 2.26% after the company has received the orders from State Election Commission (SEC) of West Bengal for the supply of 500 sets of electronic voting machines (EVM). Garden Reach Shipbuilders & Engineers (GRSE) jumped 4.31% after the firm signed a memorandum of understanding (MOU) with the National Highway Infrastructure Development Corporation (NHIDCL) to supply modular steel & Bailey bridges. Patel Engineering rallied 6.43% after the company announced that it has signed a memorandum of understanding (MOU) with Rail Vikas Nigam (RVN) for collaborating on domestic and global projects. Prestige Estates Projects advanced 5.84% after its board has approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs, 1,755.09 per equity share. Rail Vikas Nigam (RVNL) rallied 4.17% after the company said that it has received letter of acceptance (LoA) from south eastern railway for a project worth Rs 202.87 crore. Lemon Tree Hotels rose 0.20%. The company announced that it has signed a license agreement for hotel viz Lemon Tree Hotels, Ayodhya, Uttar Pradesh. Global Markets: European and Asian stocks advanced on Friday as investors will look ahead to key inflation data from across the region and the US. The upcoming release of the U.S. core personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, and a reading on euro zone inflation are eagerly awaited. These data points will likely provide further insights into the rate outlook for major economies. U.S. stocks closed higher on Thursday, despite a late-afternoon sell-off. The Dow Jones Industrial Average reached another record high as investors anticipated the release of the PCE inflation data. The Dow Jones Industrial Average rose 0.59%, the S&P 500 remained relatively unchanged at 5,591.96, and the Nasdaq Composite declined by 0.23%. The U.S. economy saw stronger growth in Q2 than initially reported, driven by robust consumer spending and corporate profit rebounds. GDP increased by 3.0% in the last quarter, an upward revision from 2.8%. Consumer spending rose 2.9% annual rate last quarter, and corporate profits surged by $57.6 billion, supporting economic expansion. Additionally, the number of Americans filing for unemployment benefits declined by 2,000 to 231,000 for the week of Aug. 24, the Labor Department reported Thursday (August 29).Powered by Capital Market - Live

Mahindra Group and Sentrycs have signed a Non-Binding Memorandum of Understanding (MoU) to explore opportunities for developing and providing 'differentiated Anti-Drone Solutions' in India, for civilian and military applications. The MoU relates to the 'Anti-Drone Systems' technology space and will focus on the Transfer of Technology (TOT) and manufacturing of radio frequency-based counter-drone solutions under the Government of India's 'Make in India' initiative. The 'differentiated anti-drone solution' is an autonomous and integrated system with a command and control (C2) module, and enables detection, tracking, identification and mitigation of incoming drones. In addition, the system can monitor drone flight paths, identify their specific models, unique serial numbers, and their IDs. This capability allows for precise differentiation between friendly and hostile drones. In cases where a drone is classified as a threat, the system can autonomously take control and ensure it lands safely in a predefined zone resulting in no collateral damage. The system can be deployed for protection of critical infrastructure in urban areas or as an integral part of a broader multi-layered 'anti-drone solutions' for military applications.  Powered by Capital Market - Live