100% rally in one year! Multibagger auto stock falls 4% - should you buy? Experts' rationale, target price
New Delhi, Oct. 1 -- SML Mahindra share price fell over 4% in Thursday's trading session despite the company reported 18% jump in its sales in September. The auto stock opened at Rs.6,501 on NSE today, as compared to previous close of Rs.6,578 on Wednesday and touched an intraday low of Rs.6,300.05 on 1 October.
SML Mahindra said in a regulatory filing that its total sales in September 2026 rose 18% year-on-year to 1,124 units, compared with 950 units in the corresponding month last year.
Cargo vehicle sales increased 39% YoY to 516 units in September from 370 units a year earlier. Passenger vehicle sales, meanwhile, rose 5% to 608 units from 580 units during the same period.
For the April-September 2026 period, the company recorded to...
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