Stock Radar: Nearly 100% rally in a year! Where M&M is headed in long term

The auto stock, a constituent of the S&P BSE Sensex, has delivered remarkable returns, surging over 94% in a year, from Rs 1,589 on September 25, 2023, to its current price of Rs 3,091. While maintaining an overall upward trajectory throughout the year, the stock has seen a minor consolidation phase since reaching a high of Rs 3,013 in June 2024.