M&M Share Price in Focus as Nomura Retains Buy Alongside Hyundai and TVS Motor on Strong August Volumes
- September 2, 2026
- Posted by: Neeraj Pandey
- Category: Market
M&M share price Rs 3,191.80, down 1.56% on 2 Sep. Nomura Buy picks: M&M, Hyundai, Tata Motors CV, TVS Motor, Sona Comstar. TVS logged record July sales of 6.29 lakh units.
Quick Answer
M&M share price is in focus after global brokerage Nomura retained its Buy rating on Mahindra and Mahindra alongside Hyundai Motor India, TVS Motor Company and Sona Comstar, following a strong set of August 2026 auto volume numbers across the sector. The stock traded at Rs 3,191.80 on 2 September 2026, down 1.56 percent on the day even as the brokerage view remained constructive. Nomura’s preferred exposure within the auto pack also includes Tata Motors’ commercial vehicle business, reflecting a broad-based positive stance on the sector heading into the festive season.
M&M share price was in focus on 2 September 2026 after Nomura reiterated its Buy rating on Mahindra and Mahindra, naming it among its preferred stocks in the auto sector following a robust set of August 2026 volume numbers. The stock itself traded at Rs 3,191.80, down 1.56 percent on the day, even as the underlying brokerage commentary stayed constructive.
The M&M share price move came even as Nomura’s preferred picks list also features Hyundai Motor India, TVS Motor Company, Tata Motors’ commercial vehicle business and auto ancillary Sona Comstar, underscoring a broadly positive sector view.
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What Is Driving Nomura’s Buy Rating on M&M and Auto Peers?
Nomura’s continued preference for M&M share price comes on the back of strong operating performance across the sector in August 2026. Mahindra and Mahindra’s total sales rose sharply year on year, led by robust growth in its SUV portfolio. Hyundai Motor India recorded its highest-ever domestic August sales, reflecting sustained demand despite intensifying competition.
How Did TVS Motor and the Broader Two-Wheeler Segment Perform?
TVS Motor Company posted its highest-ever monthly sales of 6,29,675 units in July 2026, a 38 percent year on year jump, with domestic two-wheeler sales climbing 42 percent. Electric two-wheeler sales for TVS surged 158 percent year on year to 60,934 units, highlighting the pace at which EV adoption is accelerating within the two-wheeler category.
Nomura’s Preferred Auto Sector Picks: Key Data
The table below lists M&M share price alongside Nomura’s other preferred auto picks as of 2 September 2026.
| Company | Price | Change | Volume |
|---|---|---|---|
| Mahindra and Mahindra | Rs 3,191.80 | -1.56% | M&M |
| Hyundai Motor India | Rs 2,154.40 | -1.17% | HYUNDAI |
| TVS Motor Company | Rs 4,200.00 | -0.07% | TVSMOTOR |
M&M Company Overview and Key Financial Metrics
M&M share price reflects a market capitalisation of roughly Rs 4,03,214 crore, a return on equity of 18.37 percent and a price to earnings ratio of 19.92, below the broader auto sector average of 27.31. Its earnings per share stands at Rs 162.78 on a trailing twelve month basis, with a debt to equity ratio of 1.44.
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What Should Investors Watching M&M Share Price Consider?
Brokerage preference is only one input among several that investors should weigh before making decisions on M&M share price. Risks flagged by analysts include commodity price movements, festive season discounting, and competitive dynamics in the electric vehicle segment. Rural demand and monsoon performance also remain important variables for M&M share price given its large tractor business.
Conclusion
M&M share price remains in focus after Nomura reiterated its Buy rating alongside Hyundai Motor India, TVS Motor Company, Tata Motors’ commercial vehicle arm and Sona Comstar, citing strong August 2026 volume trends. While M&M share price traded modestly lower on 2 September 2026, the broader brokerage view on the sector stayed constructive heading into the festive season. Investors should weigh fundamentals and valuation, and consult a SEBI-registered advisor before making any investment decision.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is Nomura’s rating on M&M share price?
Ans. Nomura has retained a Buy rating on Mahindra and Mahindra, naming it among its preferred auto sector picks following strong August 2026 volume performance.
Which other auto stocks does Nomura prefer alongside M&M?
Ans. Nomura’s preferred auto sector picks alongside M&M include Hyundai Motor India, TVS Motor Company, Tata Motors’ commercial vehicle business and auto ancillary Sona Comstar.
What was TVS Motor’s sales performance in July 2026?
Ans. TVS Motor Company recorded its highest-ever monthly sales of 6,29,675 units in July 2026, up 38 percent year on year, with electric two-wheeler sales rising 158 percent year on year.
What is M&M’s current market capitalisation?
Ans. Mahindra and Mahindra’s market capitalisation stood at approximately Rs 4,03,214 crore as of the latest available data.
Did M&M share price rise or fall on 2 September 2026?
Ans. M&M share price traded at Rs 3,191.80 on 2 September 2026, down 1.56 percent on the day, even as Nomura’s brokerage view on the stock remained a Buy.
What is M&M’s price to earnings ratio?
Ans. M&M trades at a price to earnings ratio of around 19.92, below the broader auto sector average of 27.31.
What is driving demand for auto stocks ahead of the festive season?
Ans. Improving rural and urban consumer demand, dealer inventory build-up and constructive dealer sentiment ahead of the festive season are cited as key demand drivers for auto stocks, according to industry data.
