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Mahindra & Mahindra announced that it will supply 35,000 units of Scorpio Pik Up vehicles in 2026 to Agrinas Pangan Nusantara, an Indonesian state-owned enterprise, for the Koperasi Desa/Kelurahan Merah Putih (KDKMP) Project. These Pik Ups will play a crucial role in enhancing logistics for Koperasi (Cooperatives) being set up in the country.
Under this partnership, Mahindra and Agrinas Pangan Nusantara will work together to equip Koperasi with robust, reliable vehicles to ensure effective and seamless flow of fresh supplies from farmers directly to the marketplace, thereby bridging the gap between producer and consumer. This collaboration aims to enhance rural logistics and enable villages to become independent centers of economic growth.
Manufactured at Nashik Plant, Scorpio Pik Ups are globally recognized for their durability, payload capacity, and low operating costs. These vehicles are tailored to meet the operating requirements of Koperasi – from rough rural roads to farm tracks.
Mahindra Scorpio Pik Ups will bolster Koperasi ecosystem by providing first-mile aggregation, which involves transporting produce from farms to cooperatives, and facilitating intra-village logistics, ensuring the efficient movement of goods within the cooperative network.
Under this partnership, Mahindra and Agrinas Pangan Nusantara will work together to equip Koperasi with robust and reliable vehicles to ensure the effective and seamless flow of fresh supplies from farmers directly to the marketplace, thereby bridging the gap between producers and consumers. The collaboration aims to strengthen rural logistics and enable villages to become independent centers of economic growth.
Manufactured at the company’s Nashik plant, the Scorpio Pik Up is known for its durability, high payload capacity, and low operating costs, and is designed to operate efficiently across diverse rural terrains, including rough roads and farm tracks.
The company said the Mahindra Scorpio Pik Up will bolster the Koperasi ecosystem by enabling first-mile aggregation, transporting produce from farms to cooperatives and facilitating intra-village logistics, thereby ensuring the efficient movement of goods within the cooperative network.
Nalinikanth Gollagunta, CEO, Automotive Division, Mahindra & Mahindra, said, “We are looking forward to this association and to supporting Indonesia’s Koperasi through our partnership with Agrinas Pangan Nusantara. By deploying the Scorpio Pik Ups as a part of the Koperasi, we are strengthening a reliable logistics backbone that connects farmers to markets more efficiently. Our Pik Ups are engineered to perform in tough conditions while keeping operating costs to a minimum. The volume committed for this partnership will significantly boost our international operations, adding as much as our total export volumes achieved in FY 25. In line with Mahindra’s Rise philosophy, this collaboration reflects our commitment to enabling prosperity and supporting national priorities.”
Mahindra & Mahindra (M&M) Group enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
On a standalone basis, the company’s net profit surged 17.7% to Rs 4,520.52 crore on a 21.3% rise in revenue from operations to Rs 33,421.60 crore in Q2 FY26 over Q2 FY25, reflecting broad-based growth across Auto and Farm segments.
Mahindra & Mahindra Ltd rose for a third straight session today. The stock is quoting at Rs 3590.3, up 1.77% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 25723.35. The Sensex is at 83606.72, down 0.16%. Mahindra & Mahindra Ltd has dropped around 5.28% in last one month.
Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has dropped around 3.85% in last one month and is currently quoting at 27500.3, up 1.02% on the day. The volume in the stock stood at 15.02 lakh shares today, compared to the daily average of 25.99 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 3595.7, up 1.75% on the day. Mahindra & Mahindra Ltd is up 12.95% in last one year as compared to a 8.55% gain in NIFTY and a 18.13% gain in the Nifty Auto index.
The PE of the stock is 31.33 based on TTM earnings ending September 25.
Domestic tractors sales stood at 38,484 units (up 46% YoY) and exports were 2,159 units (up 72% YoY) in January 2026.
Mahindra & Mahindra announced that its total sales for the month of January 2026 stood at 104,309 units, a growth of 24% including exports compared to 84,265 units in January 2025.
Total sales include passenger vehicle sales of 63,510 units (up 25% YoY) and commercial vehicle sales of 37,222 units (up 23% YoY).
Domestic sales stood at 100,732 units (up 25% YoY) and exports were at 3,577 units (up 5% YoY) during the month.
According to Nalinikanth Gollagunta, CEO, Automotive Division, M&M, “Building on the strong momentum of last year's performance, we began the year on a strong note in January by achieving SUV sales of 63,510 units, a growth of 25% and LCV< 3.5T sales of 27,656 units, a growth of 22%. The total vehicle sales stand at 104,309 units, a 24% year-on-year growth. On 14th January, we opened bookings for XUV7XO and XEV 9S clocking 93,689 bookings for a booking value of Rs. 20,500 Crore - a record-breaking milestone in just 4 hours.”
Investors are also awaiting quarterly results from ITC, Tata Motors, and Vedanta, due later today, along with the upcoming Union Budget 2026 scheduled for February 1, 2026. Meanwhile, the Nifty traded above the 25,400 level.
Auto shares declined after registering gains in the previous trading session.
At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 185.55 points or 0.23% to 82,530.23. The Nifty 50 index added 68.60 points or 0.27% to 25,411.35.
In the broader market, the S&P BSE Mid-Cap index remained flat and the S&P BSE Small-Cap index fell 0.41%.
The market breadth was strong. On the BSE, 1,578 shares rose and 2,563 shares fell. A total of 160 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.09% to 13.67.
Economic Survey 2025-2026:
The Economic Survey 2025–26, tabled in Parliament on January 29 ahead of the February 1 Union Budget, highlighted both improving macro fundamentals and a clear shift in India’s export strategy as exporters steadily reduce their reliance on the US amid tariff-related uncertainties. The survey noted that while the India–US trade agreement remains under discussion, export data for April to November FY26 show a pivot towards West Asia, Europe, Africa and parts of Asia to sustain growth. Sectors such as gems and jewellery, marine products, auto components and textiles saw weaker demand from the US, but this was offset by stronger shipments to alternative markets, while pharmaceuticals remained resilient with healthy growth led by Africa, Latin America and Europe.
On the broader economy, the survey said the fiscal deficit has sharply improved from 9.2% of GDP in FY21 to 4.8% in FY25 and is budgeted at 4.4% in FY26, while real GDP growth for FY26 is estimated at a robust 7.4%, driven largely by domestic demand. Looking ahead, the Indian economy is expected to grow 6.8%–7.2% in FY27, supported by strong macro fundamentals and ongoing regulatory reforms, underscoring a combination of internal strength and strategic diversification on the global trade front.
Economy:
India’s industrial production rose to a 26-month high of 7.8% in December, up from 7.2% in November, according to data released by the government on January 28. The sharp pickup was driven by a broad-based acceleration across manufacturing, capital goods and infrastructure-linked segments, signalling resilient momentum at the end of the calendar year.
Buzzing Index:
The Nifty Auto index fell 0.96% to 26,481.60. The index gained 0.69% in the past trading session.
Maruti Suzuki India (down 2.57%, Mahindra & Mahindra (M&M) (down 2.55%), TVS Motor Company(down 2.07%), Bharat Forge (down 1.51%), Uno MInda Corporation(down 0.90%) declined.
Numbers to Track:
The yield on India's 10-year benchmark federal paper was added 0.18% to 6.715 as compared with the previous close of 6.703.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 91.8950 compared with its close of 91.9975 during the previous trading session.
MCX Gold futures for 5 February 2026 settlement rallied 5.75% to Rs 1,75,450.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.09% to 96.26.
The United States 10-year bond yield rose 0.31% to 4.264.
In the commodities market, Brent crude for March 2026 settlement advanced $1.15 or 1.68% to $69.55 a barrel.
Stocks in Spotlight:
Quadrant Future Tek rose 3.28% after the company received a major domestic order from the Integral Coach Factory, Chennai. The company said it has received and accepted an offer from ICF for the supply, retrofitting, testing and commissioning of 192 onboard KAVACH equipment Version 4.0.
The contract includes warranty and long-term annual maintenance. The total contract value stands at Rs 230.42 crore. The order is to be executed within 12 months and is entirely domestic in nature.
GE Vernova T&D India rallied 7.86% after the company’s standalone net profit surged 103.81% to Rs 290.8 crore on 58.4% increase in revenue from operations to Rs 1700.64 crore in Q3 FY26 over Q3 FY25.
Mahindra & Mahindra Ltd fell 4.08% today to trade at Rs 3397.9. The BSE Auto index is down 0.49% to quote at 59264.82. The index is down 3.81 % over last one month. Among the other constituents of the index, Ashok Leyland Ltd decreased 2.02% and Apollo Tyres Ltd lost 1.47% on the day. The BSE Auto index went up 19.79 % over last one year compared to the 8.05% surge in benchmark SENSEX.
Mahindra & Mahindra Ltd has lost 6.17% over last one month compared to 3.81% fall in BSE Auto index and 4.24% drop in the SENSEX. On the BSE, 13282 shares were traded in the counter so far compared with average daily volumes of 86335 shares in the past one month. The stock hit a record high of Rs 3840 on 05 Jan 2026. The stock hit a 52-week low of Rs 2360.45 on 07 Apr 2025.
Mahindra & Mahindra Ltd, Max Healthcare Institute Ltd, JSW Energy Ltd, Carborundum Universal Ltd are among the other stocks to see a surge in volumes on BSE today, 27 January 2026.
Aegis Vopak Terminals Ltd recorded volume of 2.82 lakh shares by 10:46 IST on BSE, a 9.86 times surge over two-week average daily volume of 28628 shares. The stock gained 9.99% to Rs.221.25. Volumes stood at 14182 shares in the last session.
Mahindra & Mahindra Ltd witnessed volume of 9.87 lakh shares by 10:46 IST on BSE, a 9.72 times surge over two-week average daily volume of 1.01 lakh shares. The stock dropped 3.52% to Rs.3,417.95. Volumes stood at 1.09 lakh shares in the last session.
Max Healthcare Institute Ltd registered volume of 5.32 lakh shares by 10:46 IST on BSE, a 9.34 fold spurt over two-week average daily volume of 56963 shares. The stock slipped 2.12% to Rs.970.45. Volumes stood at 38046 shares in the last session.
JSW Energy Ltd saw volume of 5.04 lakh shares by 10:46 IST on BSE, a 7.78 fold spurt over two-week average daily volume of 64792 shares. The stock dropped 8.11% to Rs.439.75. Volumes stood at 68952 shares in the last session.
Carborundum Universal Ltd notched up volume of 3.14 lakh shares by 10:46 IST on BSE, a 7.71 fold spurt over two-week average daily volume of 40724 shares. The stock slipped 1.11% to Rs.807.30. Volumes stood at 2.35 lakh shares in the last session.
The scrip declined 1.84% to Rs 3,607.50 on the BSE.
Mahindra & Mahindra announced change in senior management:
(i) Ruzbeh Irani, President – Group Human Resources, shall retire from the Company with effect from the close of business hours 1 April 2026, pursuant to his reaching the age of superannuation and his consequent cessation as the Senior Management Personnel of the Company;
(ii) Rohit Thakur shall be appointed as the Group Chief Human Resources Officer and form part of Senior Management Personnel of the Company with effect from 2 April 2026.