M&M shares jump over 4% as brokerages raise target prices after Q3. Should you ride the tide?

Shares of Mahindra & Mahindra (M&M) jumped over 4% on BSE after brokerages raised their target prices. The Q3 results showed better than expected average selling prices (ASP) and volume growth of 11% YoY. The standalone profit rose 61% YoY to Rs 2,454 crore.

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