M&M shares rise 2% as Nomura gives thumbs up to new 7-seater launch. Check target price

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Mahindra & Mahindra shares surged following Nomura’s Buy rating and a Rs 4,335 price target, driven by the launch of the feature-rich XEV 9S at a disruptive price. The brokerage anticipates strong SUV growth and sees the new vehicle as a catalyst for Mahindra’s electric era, with bookings opening in January 2026.

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