Market News
4 min read | Updated on May 04, 2025, 10:36 IST
SUMMARY
Mahindra and Mahindra (M&M) rose over 17% in last one month and is currently trading above its 21, 50 and 200-day exponential moving averages. The stock has also moved out from its double-bottom pattern and is currently consolidating at higher levels.
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In the near-term, M&M traders can monitor the crucial support zone of ₹2,844 and ₹2,893. | Image: Shutterstock
Automobile giant Mahindra & Mahindra (M&M) is set to announce its March quarter (Q4 FY25) results on Monday, May 5, 2025.
According to experts, M&M could report double-digit growth in Q4 revenue and net profit. Its standalone revenue is expected to increase 18-20% YoY to ₹29,900 to ₹30,200 crore, while its net profit could rise by 12-15% YoY to ₹2,250 to ₹2,300 crore. Rise in auto/farm sales volume and price hike is likely to benefit the company’s quarterly earnings.
M&M reported a standalone revenue of ₹25,434 crore in March quarter of FY25 and ₹30,964 crore in the previous quarter. Meanwhile, its net profit stood at ₹2,000 crore in Q4FY24 and ₹2,964 crore in Q3FY25.
Investors will keep an eye on the company’s volume growth, management commentary on demand outlook for tractors and passenger vehicles. Performance of newly launched vehicles will also be closely tracked along with final dividend announcement for FY25.
Ahead of the Q4 result announcement, M&M shares closed 0.3% lower at ₹2,918 per share on Friday, May 2. So far this year, M&M shares are trading 2.6% lower.
The technical structure of the Mahindra & Mahindra is currently trading above all its key daily exponential moving averages like 21,50 and 200. The stock has jumped over 17% in the last one month and is currently consolidating at higher levels. The stock also moved out of the double-bottom pattern which looks like a “W”, although not a classical one.
In the near-term, traders can monitor the crucial support zone of ₹2,844 and ₹2,893. A close below this level on a closing basis will signal failure of the breakout and reflect weakness. Conversely, if the stock sustains the immediate support zone on a closing basis, it may further extend its gains.
Meanwhile, let’s take a look at the historical price behaviour of Mahindra & Mahindra around its earnings announcement.
Based on options data suggesting a potential price movement of ±7.6%, traders have the opportunity to engage in either a long or short volatility strategy.
Meanwhile, traders seeking a bearish approach and the breakdown of the double pattern or continuation of the bullish pattern can explore directional spreads.
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