Shares of Mahindra and Mahindra rose 4% on Tuesday's opening trade as the company posted strong Q4 results. In March company's net profit rises by 20% to Rs 2,437 crore, and the revenue of Mahindra and Mahindra rises by 20% to Rs 31,609 crore, and the company announced a dividend of Rs 25.30 per share. 

The company continues to gain market share in all segments, like the passenger vehicle segment, the commercial vehicle segment, and the tractor segment. 

Today's rally in Mahindra and Mahindra comes after strong confidence from brokers and analysts expect the auto stock with ‘zero sell’ ratings to retest the record high. 41 analysts have coverage on Mahindra and Mahindra, and out of 39 analysts give a buy rating on the stock

Here is what Brokerages says about Mahindra and Mahindra 

• Jefferies maintains with buy rating with a target price of Rs 4000
• Kotak Institutional maintains a buy rating with a target price of Rs 3,500
• Emkey Global maintains an add rating with a target price of Rs 3000
• Nuvama maintains buying with a target price of Rs 3700
• Motilal Oswal maintains a buy with a target price of Rs 3,482
• Citi maintains a buy with a target price of Rs 3,480

Following this strong confidence of brokers, shares of Mahindra and Mahindra rose over 4% on Tuesday and traded at Rs 3,155, and the stock is the top gainer of the Nifty