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Brokerages bullish on Mahindra & Mahindra after Q2 results

after close1 source ↓written by the desknot a recommendation

from the current
21.6% upside

Mahindra & Mahindra shares could rise by up to 22% following positive Q2 results. Brokerages Nomura and Nuvama have reiterated their ‘Buy’ ratings, citing strong SUV demand and growing profit margins. Nomura raised its target price to ₹4,355, suggesting a 21.6% upside from the current level of ₹3,581.55.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 5 Nov 2025, 18:05 IST.

Sourcesnews.google.com

The market after the news

M&M closed +1.0% on the day of the news, from ₹3,581.20 to ₹3,618.50; Nifty −0.3% over the same session; futures OI −1.4%.

Bulletin at 18:05 IST on 5 Nov 2025. Every change is measured from ₹3,581.20, the last close before it, on 4 Nov. Nifty 50 is measured over the same sessions.

  • M&M close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
M&M closes around the bulletin against the close before the news, with Nifty 50 rebased to it325535813908axis spans 20%before the news · 4 Nov3581Nifty 50M&MbulletinD0+1+3+529 Oct11 Nov20 NovFutures open interest, lotspeak 1.0 LReference close ₹3,581.20. 16 sessions from 29 Oct to 20 Nov; the price axis spans 20 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before4 Nov₹3,581.20basebase
On the day6 Nov₹3,618.50▲ +1.0%▼ −0.3%+1.4 pp difference
+1 session7 Nov₹3,690.20▲ +3.0%▼ −0.4%+3.5 pp difference
+3 sessions11 Nov₹3,749.10▲ +4.7%▲ +0.4%+4.3 pp difference
+5 sessions13 Nov₹3,699.50▲ +3.3%▲ +1.1%+2.2 pp difference
Gap at the open, % · ₹
▲ +1.2%+43.69 on 6 Nov
Day's range, % · ₹
2.5%≈ 88 high to low
Volume on the day
2.25×the 20-session average
Futures OI on the day
▼ −1.4%−1,400 lots · short covering · price +1.0%
Futures OI open, lots
1.0 L6 Nov · 25 Nov expiry
Futures premium, ₹
+8.70+0.2% to spot
Puts per call, by OI
0.61from 0.57 the session before
Max pain
3,600from 3,600 the session before

Source NSE UDiFF bhavcopy · M&M on the desk →

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