Mahindra & Mahindra's Share Price Rises After Launching New EVs: Should You Buy Now

Mahindra & Mahindra's stock rose 2.75% after launching its new electric SUVs, the BE 6e and XEV 9e, at competitive prices. However, analysts remain cautious due to EV market challenges like charging infrastructure and resale value. Emkay Global has a "REDUCE" rating with a target price of ₹2,700, citing high valuation and potential competition.