SML Mahindra shares declined over 4% in Thursday's trading session despite reporting strong September sales performance. According to latest reports, the auto stock opened at ₹6,501 on NSE today compared to the previous close of ₹6,578 on Wednesday, and touched an intraday low of ₹6,300.05 on October 1. The market reaction contrasted sharply with the company's positive sales data announcement, showing some profit-taking or consolidation after the stock's strong run.
In a regulatory filing, SML Mahindra reported that its total sales during September 2026 grew 18% to 1,124 units compared to 950 units in the year-ago period. As reported by NDTV Profit, the company's dispatches of cargo vehicles last month jumped 39% to 516 units from 370 units year-on-year. Meanwhile, dispatches of passenger vehicles increased 5% to 608 units from 580 units. The company has also announced that its board will meet on October 19, 2026 to consider and approve the financial results for the quarter ending September 30, 2026.
For the April-September 2026 period, SML Mahindra sold a total of 9,340 units, representing a growth of 15% from 8,145 units year-on-year. According to the company's regulatory filing, this demonstrates sustained momentum in the company's sales performance across the first nine months of the fiscal year.
Despite the recent decline, SML Mahindra has delivered exceptional long-term returns to investors. The stock has fallen 3.56% over the past week, indicating some profit-taking or consolidation after its strong run. On a one-month basis, SML Mahindra shares have gained 17.65%, while its year-to-date performance stands at 55.63%. The stock has also more than doubled over the past year, giving multibagger returns by rising 102.94%. The stock's longer-term performance has been particularly notable, with gains of 439.66% over three years and 976.04% over five years.
