Posted On: September 1, 2023

Stock Report: M&M(NSE) 30 Aug 2023

Outlook: Bullish

Sector: Consumer Cyclical

Industry: Auto Manufacturers

Mahindra & Mahindra Ltd is a holding company. The company’s segment includes Automotive, Farm Equipment and others. It generates maximum revenue from the Automotive segment. The Automotive segment comprises of sale of automobiles, spares, mobility solutions, construction equipment’s, and related services. Geographically, it derives most of the revenue from India. 

#xCalData predicts that M&M will continue its bullish phase over the next five days and trend within the range of 1543 to 1627. 

In comparison to the previous month, the price of the stock has experienced a increase of 7.86% indicating a bullish. 

The Stock has doubled once since 04 Sep 2015 and took an average of 6.8 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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