Buy for April 14 - Mahindra & Mahindra Ltd.
Buy Mahindra & Mahindra Ltd -> 610, 620, 630.
The stock is trading at the lower end of its 52 week high/low. The Company is at PE of 13.82 with EPS of 44.88. The company will see a strong growth in the small trucks and Jeep markets in third and fourth quarter of 2008.
In the recent past, the company has reported following news with the BSE:
Mahindra & Mahindra Ltd has informed that a consortium of Mahindra & Mahindra Ltd (M&M) and ICICI Venture Funds Managements Ltd, India's leading PE player with AUM of over $ 2 billion, on April 02, 2008 has signed a definitive agreement agreeing to acquire 100% stake in Metalcastello S.p.A, a leading Italian independent gear manufacturer. The transaction is subject to receipt of necessary approvals.
Mr. Hemant Luthra, President, Systech, said Mahindra Forgings (MFL) has already created one of the leading forging Companies in the world. Together with ICICI Venture we expect Metalcastello S.p.A, an outstanding Company with a 50 year history of serving its customers profitably, to help replicate in the gear vertical what MFL has achieved in the forgings space. The customer base of both MFL and Metalcastello is complimentary and will enhance the synergies that we are already harvesting. Consistent with Mahindra Systech's 'art to part' expertise, Metalcastello S.p.A perfectly compliments this capability in the auto component space and will add immense value to its stakeholders.
In another news:
Mahindra & Mahindra Ltd has announced that the Company on March 31, 2008 signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to further boost their investment at its upcoming Chakan Greenfield project. The Company will invest an additional Rs 1500 crore to the already earmarked Rs 2500 crore. The total sum of Rs 4000 crore will be utilized towards the development and production of all vehicles slated to be rolled out from the proposed Greenfield.
Source: BSE India
The stock is trading at the lower end of its 52 week high/low. The Company is at PE of 13.82 with EPS of 44.88. The company will see a strong growth in the small trucks and Jeep markets in third and fourth quarter of 2008.
In the recent past, the company has reported following news with the BSE:
Mahindra & Mahindra Ltd has informed that a consortium of Mahindra & Mahindra Ltd (M&M) and ICICI Venture Funds Managements Ltd, India's leading PE player with AUM of over $ 2 billion, on April 02, 2008 has signed a definitive agreement agreeing to acquire 100% stake in Metalcastello S.p.A, a leading Italian independent gear manufacturer. The transaction is subject to receipt of necessary approvals.
Mr. Hemant Luthra, President, Systech, said Mahindra Forgings (MFL) has already created one of the leading forging Companies in the world. Together with ICICI Venture we expect Metalcastello S.p.A, an outstanding Company with a 50 year history of serving its customers profitably, to help replicate in the gear vertical what MFL has achieved in the forgings space. The customer base of both MFL and Metalcastello is complimentary and will enhance the synergies that we are already harvesting. Consistent with Mahindra Systech's 'art to part' expertise, Metalcastello S.p.A perfectly compliments this capability in the auto component space and will add immense value to its stakeholders.
In another news:
Mahindra & Mahindra Ltd has announced that the Company on March 31, 2008 signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to further boost their investment at its upcoming Chakan Greenfield project. The Company will invest an additional Rs 1500 crore to the already earmarked Rs 2500 crore. The total sum of Rs 4000 crore will be utilized towards the development and production of all vehicles slated to be rolled out from the proposed Greenfield.
Source: BSE India
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