Mahindra & Mahindra share up by more than 1% today

Mahindra & Mahindra’s share price is on the rise today. At 1:50 p.m. today, 22^nd August, 2025, the stock is the top gainer at Nifty 50. It is up by 1.09%, trading at Rs 3,412 at this time. Nifty 50 index is down by 0.57% at this time.

The stock is on the rise since August 8^th. In the past one month the stock has gained 4.75%. Year-to-date, the share price is up by 10.71%. Year-to-date, as on 22^nd August, Nifty 50 has gained 5.05%.

Mahindra & Mahindra’s shares are currently trading near their 52- week high price. The current 52-week high price of the stock is Rs 3,432. The current 52-week low price of the stock is Rs 2,425.

Some other auto stocks are also gaining today. Nifty Auto index is up by 0.01% at this time.

Imminent GST rate cut gives a boost to Auto stocks

Auto companies are going to benefit from the imminent GST rate cuts that have been proposed by the government. Passenger vehicles are currently taxed at 28% GST rate (EV vehicles are taxed at 5%).

Under the new GST structure, the 28% tax lab will no longer be there. Conventional passenger vehicles will be taxed at a rate of 12% under this new structure. This will significantly reduce the price of conventional passenger vehicles in India.

Passenger vehicle segment is a highly price sensitive market in India. Any significant reduction in price due to GST cut may give boost to demand for these vehicles, thereby benefitting auto companies.

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 Source: NSE