GENERAL1 Oct 2026
100% rally in one year! Multibagger auto stock falls 4% — should you buy? Experts' rationale, target price | Stock Market News
SML Mahindra shares fell over 4% on Thursday even though September sales rose 18% to 1,124 units. Cargo vehicle sales jumped 39%, while passenger vehicle sales grew 5%. The stock has still gained 102.94% in a year. The board meets on 19 October to approve September quarter results, so wait for that before acting.
Key Statutory Highlights
- SML Mahindra's total sales rose 18% year-on-year to 1,124 units in September 2026, compared with 950 units a year earlier.
- The company's board will meet on 19 October 2026 to consider and approve its unaudited financial results for the quarter ending 30 September 2026.
- The stock has risen 102.94% over the past year, but it fell 3.56% over the past week.
Actionable Advice for Taxpayers / Founders:Don't react to the one-day price dip on its own. Note the 19 October board meeting for the September quarter results, and if you invest, set your own risk limit instead of chasing the one-year rally.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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