From mint · Vaamanaa Sethi · · 1m 10s
SML Mahindra shares drop 3rd day in row
SML Mahindra shares fall for third session straight after 33% gain in six months.
In brief
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, with analysts urging caution on investment. Originally reported by mint.
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.
The key point
SML Mahindra shares dropped 24.56% in a month but gained 33% in six months, with analysts urging caution on investment.
