M&M Hits Record Rs 3,795; Stock Up Over 6% In One Month

Mahindra & Mahindra Ltd. shares surged to a record high on Monday, December 1, 2025, climbing 1% to touch Rs 3,795 apiece during intraday trade on the National Stock Exchange. By 9:52 a.m. IST, the stock was trading 0.40% higher at Rs 3,771, outperforming the benchmark Nifty 50 Index, which advanced 0.29% in the same period. The auto major's stock has been on a robust upward trajectory, gaining over 6% in the past 30 days and an impressive 25% over the last 12 months, reflecting investor confidence in its diversified portfolio and market strategies.

The rally underscores Mahindra & Mahindra's strong positioning in the automotive sector, particularly in the premium SUV segment. The company has delivered over 400% returns to shareholders in the last five years, driven by consistent volume growth and a focus on innovation. Recent performance has been bolstered by healthy demand for its internal combustion engine-powered SUVs and electric vehicles, with the firm reporting a 14% year-on-year increase in passenger vehicle sales for November 2025, reaching 38,152 units.

Key to the surge is the company's deliberate strategy to differentiate its offerings, as articulated by R. Velusamy, President of the Automotive Business. "We are focusing on premium and differentiated vehicles to strengthen our domestic passenger vehicle segment," Velusamy stated, emphasizing no immediate plans for CNG or other alternate fuel technologies to preserve the brand's core identity. Mahindra & Mahindra also assured stakeholders of no vehicle price hikes starting January 2026, barring significant raw material cost escalations, which could further support consumer sentiment amid economic uncertainties.

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Looking ahead, the stock's momentum positions Mahindra & Mahindra favorably in India's growing auto market, projected to expand with rising electrification and export opportunities. Analysts view the current valuation—trading at a price-to-earnings multiple of around 28 times forward earnings—as justified by the firm's EV ambitions, including the upcoming launch of more BEV models under the INGLO platform. With a market capitalization exceeding Rs 9.3 lakh crore, the company remains a bellwether for the sector's resilience.

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