M&M reports Q3 results; what should investors do?

Mahindra & Mahindra (M&M) reported a consolidated net profit of Rs 2,977.04 crore for the October-December quarter of the current financial year.

The company's revenue for the third quarter stood at Rs 35,218.32 crore.

Here's how brokerages view M&M:

CLSA maintains a 'buy' call

Raises the target to Rs 2,074 from Rs 1,931.

The brokerage increases the target to Rs 1,615 from Rs 1,580.

Jefferies continues with a 'hold' rating

The brokerage increases the target to Rs 1,880 from Rs 1,790.

JP Morgan maintains an 'overweight' stance

Morgan Stanley iterates an 'overweight' rating

The brokerage raises the target price to Rs 1,952 from Rs 1,859.

Citi maintains 'buy'

Raises the target to Rs 1,890 from Rs 1,750.

Nomura maintains 'buy'

Raises the target to Rs 2,143 from Rs 1,980.

HSBC maintains 'buy'

Gives a target of Rs 1,900.

Macquarie maintains an 'outperform' stance

Gives a target of Rs 1,801.

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