Goldman Sachs maintained a buy rating on M&M with a target price of Rs 1640. The global investment bank raised FY23/ FY25 EPS estimates by up to 4%. It expects investor focus to be on the company’s plans for capacity expansion.
Goldman Sachs’ India bets: 8 stocks rally up to 85% in CY26; one new addition
Goldman Sachs’ India equity portfolio fell 6% in CY26 amid mixed stock performance. While 18 stocks declined sharply, eight delivered strong gains, led by GNG