Buy Mahindra & Mahindra, target price Rs 3,420: Motilal Oswal Financial Services

Motilal Oswal reiterates a buy call for Mahindra & Mahindra (M&M) with a target price of Rs 3,420. M&M reported strong Q2 FY25 results, with consolidated total income up 10.15% YoY. The brokerage projects a 13-15.5% CAGR in key financials over FY24-27E, driven by M&M's commitment to sustained profitability and shareholder value.