Mahindra stock: Axis Capital keeps INR 4,200.00 target for Mahindra stock

Axis Capital maintained a Buy rating and an INR 4,200.00 target for Mahindra on October 15, 2026, according to Investing.com. The target stands 43.79 percent above the INR 2,920.90 NSE price. Mahindra was at INR 2,920.90 on October 16, 2026 at 3:28 p.m. IST, up 2.07 percent versus the NSE close.

Revenue gives the valuation context

Mahindra reported INR 581.88 billion in consolidated revenue for the first quarter of fiscal 2027, alongside INR 54.55 billion in consolidated profit after tax. The company also highlighted a 23 percent annualized consolidated return on equity for that period.

Stock remains below its yearly high

The NSE 52-week range runs from INR 2,744.30 to INR 3,839.90 as of October 16, 2026. The current price is 23.94 percent below the high and 6.44 percent above the low. Trading volume reached 2,541,605 shares against an average volume of 2,257,222 shares.

Mahindra's price-to-earnings ratio was 17.75, while market capitalization stood at INR 3.5 trillion on October 16, 2026. The next earnings date is November 5, 2026, when Mahindra is scheduled to discuss its second-quarter fiscal 2027 results and analyst meeting.

Comparison with peers

Mahindra (NSE, INR): up 2.07 percent, P/E 17.75, market capitalization INR 3.5 trillion.

Tata Motors (NSE, INR): minus 0.40 percent, P/E 1.55, market capitalization INR 1.3 trillion.

Maruti Suzuki (NSE, INR): up 0.38 percent, P/E 25.20, market capitalization INR 3.6 trillion.

Upcoming results set the next date

Mahindra's investor calendar lists November 5, 2026 for the second-quarter fiscal 2027 results and the related analyst meeting. That date gives the market a scheduled point for testing whether the first-quarter revenue and profitability figures are continuing.

Market context: Market report BSE Sensex.

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