New Delhi, Nov. 6 -- Mahindra and Mahindra investors chose to overlook profitability concerns and a downward revision in the FY27 guidance for the tractor industry. Instead, they seem to have drawn comfort from the company's robust September quarter (Q2FY27) results and upward revision in the light commercial vehicle (LCV) industry guidance to double-digits from a high-single digit.

Reacting to its Q2 earnings announced on Thursday, the stock rallied 10% over the past two trading sessions.

Standalone revenue rose 26% year-on-year to Rs.42,477 crore, beating consensus estimates by almost 8%. The automotive business, which manufactures a range of passenger and commercial vehicles, electric vehicles and mobility products, was the largest c...