Broker’s call: Mahindra & Mahindra (Add)
Target: ₹2,700 CMP: ₹2,903.15 We attended Mahindra & Mahindra’s analyst meet, held pursuant to the SML Isuzu acquisition. M&M has acquired about 59 per cent stake in SML Isuzu from existing promoters Sumitomo Corporation and Isuzu Motors for a cash consideration of ₹550 crore, with a further open offer for 26 per cent stake. Through…
