Espresso Shot of the Day - Mahindra and Mahindra Ltd up by 4.69 percent

EspressoLogy

Espresso Shot of the Day - Mahindra and Mahindra Ltd up by 4.69 percent

May 30, 2022
Espresso Shot of the Day - Mahindra and Mahindra Ltd up by 4.69 percent

MAHINDRA & MAHINDRA LTD 997.90  (+4.69%) BSE – INE101A01026 | 30TH MAY 2022

https://www.myespresso.com/images/Binge-graph-image_-MAHINDRA-&-MAHINDRA-LTD-202205301852360768215.jpg

Every time the society needed them, they stepped in and helped create a new industry. In 1945, their journey commenced with the steel business, and over time, they expanded to 22 key industries. A need for change in the agricultural practices pushed them to foray into that sector right before the agriculture revolution began in India. They became one of the key torch-bearers of the IT revolution in the country. Their focus now lies in developing alternate energy sources because they believe energy conservation will play a huge role in ensuring a better future – for not just the country and communities, but the entire world.


Recent Drivers

  • On May 30, 2022, the company planned to launch an electric version of XUV300 SUV in the January-March quarter of the current financial year.
  • On May 30, 2022, the company reported a standalone net profit of Rs.1, 292 crores in Q4 FY22.
  • On May 30, 2022, the company reported a rise in sales by 28% year on year to Rs.17, 124 crores during the quarter ended 31 March 2022.
  • On May 28, 2022, the company reported Dividend of Rs.11.55/- per equity share.
  • On May 20, 2022, the company reported that it will launch the new Scorpio-N on June 27.
  • On Apr 16, 2022, the company reported that it has agreed to sell 34.75 lakh shares, constituting 22.81% of the paid-up capital, of Mahindra Sanyo Special Steel Pvt Ltd.
  • On Apr 14, 2022, the company reported a price hike of 2.5% on its range of vehicles. This will result in an increase of 10,000 to Rs.63,000 on the ex-showroom prices across the range, depending upon the model and the variant.
 (Sources: BSE, Business Standard, Business Line, Business Today, Livemint)
                                                  

Technical Force*

  • S&P BSE Sensex month till date gain up by -1.99%
  • Traded on new All-time high value 1011.45
  • Spurt in Volume by more than 3.56 times compared to the previous vol. 3 months avg. volume: 260,295
  • Quantity traded: 4, 59,619 | Deliverable Quantity: 2, 32,584 (50.60%)
  • Stock price jumped by more than 50% from a one-year low level: 671.00 (Mar 08, 2022)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 1011.45 | 52-week-low: 671.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1225.17

1102.03

969.67

846.53

714.17

591.03

458.67

    -

Fibonacci Pivot

1102.03

1004.43

944.13

905.30

846.53

787.77

748.93

688.63

591.03


Today’s Close

997.90

SMA

BSE

10 DAY

930.65

20 DAY

912.14

50 DAY

869.96

200 DAY

841.50


Some Key Ratios (Source: BSE)

Market Cap:  1,24,058.18 Crores,

PE: 25.15

OPM%: 13.48

ROE%: 12.66

Promoters holding%: 19.47

Prev. Close: 953.20


*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.




Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.