Buy Mahindra and Mahindra - Sharekhan Research Report
Mahindra & Mahindra, the leading tractor and suv manufacturer in India, has been given a buy rating by Sharekhan for a possible target of Rs.865 in its SEP research Report. The broker is estimating FY2012 and FY2013 earnings per share (EPS) at Rs46.8 and Rs54.8 respectively.
At the current market price (as on 30th Sep 2011) of Rs. 802.5 the stock is available at around 14.5 PE multiple based on FY-2013 expected Earning Per share.