{"id":228391,"date":"2026-09-02T17:01:20","date_gmt":"2026-09-02T11:31:20","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=228391"},"modified":"2026-09-02T17:01:22","modified_gmt":"2026-09-02T11:31:22","slug":"m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/","title":{"rendered":"M&#038;M Share Price in Focus as Nomura Retains Buy Alongside Hyundai and TVS Motor on Strong August Volumes"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>M&amp;M share price Rs 3,191.80, down 1.56% on 2 Sep. Nomura Buy picks: M&amp;M, Hyundai, Tata Motors CV, TVS Motor, Sona Comstar. TVS logged record July sales of 6.29 lakh units.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">M&amp;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&#8217;s preferred exposure within the auto pack also includes Tata Motors&#8217; commercial vehicle business, reflecting a broad-based positive stance on the sector heading into the festive season.<\/p>\n<\/div>\n<p>M&amp;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.<\/p>\n<p>The M&amp;M share price move came even as Nomura&#8217;s preferred picks list also features Hyundai Motor India, TVS Motor Company, Tata Motors&#8217; commercial vehicle business and auto ancillary Sona Comstar, underscoring a broadly positive sector view.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=art4\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#What_Is_Driving_Nomuras_Buy_Rating_on_M_M_and_Auto_Peers\" title=\"What Is Driving Nomura&#8217;s Buy Rating on M&amp;M and Auto Peers?\">What Is Driving Nomura&#8217;s Buy Rating on M&amp;M and Auto Peers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#How_Did_TVS_Motor_and_the_Broader_Two-Wheeler_Segment_Perform\" title=\"How Did TVS Motor and the Broader Two-Wheeler Segment Perform?\">How Did TVS Motor and the Broader Two-Wheeler Segment Perform?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#Nomuras_Preferred_Auto_Sector_Picks_Key_Data\" title=\"Nomura&#8217;s Preferred Auto Sector Picks: Key Data\">Nomura&#8217;s Preferred Auto Sector Picks: Key Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#M_M_Company_Overview_and_Key_Financial_Metrics\" title=\"M&amp;M Company Overview and Key Financial Metrics\">M&amp;M Company Overview and Key Financial Metrics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#What_Should_Investors_Watching_M_M_Share_Price_Consider\" title=\"What Should Investors Watching M&amp;M Share Price Consider?\">What Should Investors Watching M&amp;M Share Price Consider?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#What_is_Nomuras_rating_on_M_M_share_price\" title=\"What is Nomura&#8217;s rating on M&amp;M share price?\">What is Nomura&#8217;s rating on M&amp;M share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#Which_other_auto_stocks_does_Nomura_prefer_alongside_M_M\" title=\"Which other auto stocks does Nomura prefer alongside M&amp;M?\">Which other auto stocks does Nomura prefer alongside M&amp;M?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#What_was_TVS_Motors_sales_performance_in_July_2026\" title=\"What was TVS Motor&#8217;s sales performance in July 2026?\">What was TVS Motor&#8217;s sales performance in July 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#What_is_M_Ms_current_market_capitalisation\" title=\"What is M&amp;M&#8217;s current market capitalisation?\">What is M&amp;M&#8217;s current market capitalisation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#Did_M_M_share_price_rise_or_fall_on_2_September_2026\" title=\"Did M&amp;M share price rise or fall on 2 September 2026?\">Did M&amp;M share price rise or fall on 2 September 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#What_is_M_Ms_price_to_earnings_ratio\" title=\"What is M&amp;M&#8217;s price to earnings ratio?\">What is M&amp;M&#8217;s price to earnings ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/m-and-m-share-price-nomura-buy-auto-stocks-2026-09-02\/#What_is_driving_demand_for_auto_stocks_ahead_of_the_festive_season\" title=\"What is driving demand for auto stocks ahead of the festive season?\">What is driving demand for auto stocks ahead of the festive season?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_Nomuras_Buy_Rating_on_M_M_and_Auto_Peers\"><\/span><strong>What Is Driving Nomura&#8217;s Buy Rating on M&amp;M and Auto Peers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nomura&#8217;s continued preference for M&amp;M share price comes on the back of strong operating performance across the sector in August 2026. Mahindra and Mahindra&#8217;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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Did_TVS_Motor_and_the_Broader_Two-Wheeler_Segment_Perform\"><\/span><strong>How Did TVS Motor and the Broader Two-Wheeler Segment Perform?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nomuras_Preferred_Auto_Sector_Picks_Key_Data\"><\/span><strong>Nomura&#8217;s Preferred Auto Sector Picks: Key Data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below lists M&amp;M share price alongside Nomura&#8217;s other preferred auto picks as of 2 September 2026.<\/p>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Price<\/th>\n<th>Change<\/th>\n<th>Volume<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/m&amp;m\/mahindra-and-mahindra-ltd-share-price-today\">Mahindra and Mahindra<\/a><\/td>\n<td>Rs 3,191.80<\/td>\n<td>-1.56%<\/td>\n<td>M&amp;M<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/hyundai\/hyundai-motor-india-ltd-share-price-today\">Hyundai Motor India<\/a><\/td>\n<td>Rs 2,154.40<\/td>\n<td>-1.17%<\/td>\n<td>HYUNDAI<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/tvsmotor\/tvs-motor-company-ltd-share-price-today\">TVS Motor Company<\/a><\/td>\n<td>Rs 4,200.00<\/td>\n<td>-0.07%<\/td>\n<td>TVSMOTOR<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"M_M_Company_Overview_and_Key_Financial_Metrics\"><\/span><strong>M&amp;M Company Overview and Key Financial Metrics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>M&amp;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.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Live Stock Data on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Watching_M_M_Share_Price_Consider\"><\/span><strong>What Should Investors Watching M&amp;M Share Price Consider?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Brokerage preference is only one input among several that investors should weigh before making decisions on M&amp;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&amp;M share price given its large tractor business.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>M&amp;M share price remains in focus after Nomura reiterated its Buy rating alongside Hyundai Motor India, TVS Motor Company, Tata Motors&#8217; commercial vehicle arm and Sona Comstar, citing strong August 2026 volume trends. While M&amp;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.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track live prices and get daily stock updates.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Nomuras_rating_on_M_M_share_price\"><\/span><strong>What is Nomura&#8217;s rating on M&amp;M share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Nomura has retained a Buy rating on Mahindra and Mahindra, naming it among its preferred auto sector picks following strong August 2026 volume performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_other_auto_stocks_does_Nomura_prefer_alongside_M_M\"><\/span><strong>Which other auto stocks does Nomura prefer alongside M&amp;M?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Nomura&#8217;s preferred auto sector picks alongside M&amp;M include Hyundai Motor India, TVS Motor Company, Tata Motors&#8217; commercial vehicle business and auto ancillary Sona Comstar.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_TVS_Motors_sales_performance_in_July_2026\"><\/span><strong>What was TVS Motor&#8217;s sales performance in July 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_M_Ms_current_market_capitalisation\"><\/span><strong>What is M&amp;M&#8217;s current market capitalisation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mahindra and Mahindra&#8217;s market capitalisation stood at approximately Rs 4,03,214 crore as of the latest available data.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Did_M_M_share_price_rise_or_fall_on_2_September_2026\"><\/span><strong>Did M&amp;M share price rise or fall on 2 September 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> M&amp;M share price traded at Rs 3,191.80 on 2 September 2026, down 1.56 percent on the day, even as Nomura&#8217;s brokerage view on the stock remained a Buy.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_M_Ms_price_to_earnings_ratio\"><\/span><strong>What is M&amp;M&#8217;s price to earnings ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> M&amp;M trades at a price to earnings ratio of around 19.92, below the broader auto sector average of 27.31.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_driving_demand_for_auto_stocks_ahead_of_the_festive_season\"><\/span><strong>What is driving demand for auto stocks ahead of the festive season?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;M share price is in focus after Nomura maintained its Buy rating on the stock alongside Hyundai Motor India, TVS Motor and Sona Comstar following a strong set of August 2026 auto volume 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