Mahindra & Mahindra Stock Hits Record High with XUV 3XO Launch

- M&M stock surges over 4% to hit a record high upon XUV 3XO launch.
- Compact SUV aims for the top two positions in the segment within three years.
- Aggressive starting prices compete with those of Maruti, Tata, and Hyundai.
- Analysts maintain a 'buy' rating target price of Rs 2,200.

- XUV 3XO is available in petrol and diesel options.
- Transmission includes manual, automatic, and AMT.
- Orders open online and offline from May 15; deliveries start May 26.
- Features panoramic sunroof and level-2 ADAS technology.

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- Produced at Nashik facility, previously home to XUV 3OO.
- Strong earnings momentum anticipated from successful product launches.
- Analysts project revenue growth of 8.1% in Q4FY24.
- Profit-after-tax is estimated to decline 4.3% YoY to Rs 1,032 crore.

- M&M stock rallied over 23% this year, outpacing the Nifty 50 index.
- Investec analysts retain 'buy' call, foreseeing market share improvement.
- The company aims for a significant presence in the compact SUV space.
- Continued growth is expected with competitive pricing and advanced features.

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