Brokers upbeat on Mahindra and Mahindra despite economic uncertainty

The Mahindra and Mahindra (NSI:M&M) share price has risen by 2.70% over the past month and it’s currently trading at ₹889.5. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Mahindra and Mahindra currently has:

• 23 Buy recommendations

• 2 Hold recommendations

• 1 Sell recommendations

This suggests that analysts are generally positive about the outlook.

GET MORE DATA-DRIVEN INSIGHTS INTO NSI:M&M »

Researching beyond broker forecasts

At its current price of ₹889.5, shares in Mahindra and Mahindra are trading at a discount of -9.14% to its 52 week high price. The 1-year performance of the shares has been 17.1%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Mahindra and Mahindra it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Mahindra and Mahindra that you can find out about here.