Based on the intrinsic value analysis, Mahindra and Mahindra Ltd. (M&M) is currently overvalued. With an intrinsic value of 1,633 per share and a market price of 2,665, the stock is trading at a premium of about 39%. This suggests that M&M does not present an attractive investment opportunity at these levels.
Given my outlook for the Nifty index to correct in the coming weeks, I believe many stocks, including M&M, are overvalued and may face downward pressure. Investors who chase these stocks by buying into strength or during market dips could be setting themselves up for a bear trap.
Instead, I plan to begin accumulating M&M shares in the range of 1,700 to 2,100. I see potential for new highs in the long-term, but only after the stock has corrected to more reasonable levels.
Given my outlook for the Nifty index to correct in the coming weeks, I believe many stocks, including M&M, are overvalued and may face downward pressure. Investors who chase these stocks by buying into strength or during market dips could be setting themselves up for a bear trap.
Instead, I plan to begin accumulating M&M shares in the range of 1,700 to 2,100. I see potential for new highs in the long-term, but only after the stock has corrected to more reasonable levels.
Do what others don’t know, and don’t do what others know.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Do what others don’t know, and don’t do what others know.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.