# SML Mahindra shares drop 3rd day in row

> SML Mahindra shares fall for third session straight after 33% gain in six months.
- Title: SML Mahindra shares drop 3rd day in row · mint | Shortify
- Summary: SML Mahindra shares fall for third session straight after 33% gain in six months. SML Mahindra shares dropped 24.56% in a month but gained 33% in six months…
- Keywords: sml mahindra, securities, bse, stock market, mahindra, isuzu, share price, q2 results 2026, trading, news, india, SML
- Source: mint — https://livemint.com/market/stock-market-news/sml-isuzu-shares-sml-mahindra-shares-tank-for-3rd-session-in-row-after-33-gain-in-6-months-buy-sell-or-hold-11792645465680.html
- Author: Vaamanaa Sethi
- Published: 2026-10-22T05:47:45+00:00
- Read time: 1 min
- Topics: sml mahindra, securities, bse, stock market, mahindra, isuzu, share price, q2 results 2026, trading, news, india
## SML Mahindra shares tank
SML Mahindra shares fell for third session straight on Thursday, 22 October.
## Stock opens at ₹5,200
The stock opened at ₹ 5,200 per share on BSE today, compared to ₹ 5,514.75 on Wednesday.
## 33% gain in six months
The stock gained 33% in six months despite a 24.56% monthly decline.
## Q2 2026 results
SML Mahindra reported 42.9% year-on-year decline in net profit to ₹ 12 crore.
## Revenue up 20.7%
Revenue from operations increased 20.7% year-on-year to ₹ 670 crore.
## EBITDA down 31%
EBITDA fell 31% year-on-year to ₹ 29 crore from ₹ 42 crore.
## Acquisition of truck division
SML Mahindra plans ₹ 525 crore acquisition of parent company's truck and bus division by January 31, 2 2027.
## Analyst warnings
Analysts warn of further drops below ₹ 5,000 with potential downside to ₹ 4,000.
## Key takeaway

SML Mahindra shares dropped 24.56% in a month but gained 33% in six months, with analysts urging caution on investment.