“Ashwin Patil of LKP Securities maintains a 'buy' rating on Mahindra & Mahindra (M&M) stock, despite the latest quarterly results being only in line with expectations and showing some concerns. These concerns include a slight reduction in average selling prices due to new product launches like the 3XO, pressure on market share in the tractor segment, and operating margins impacted by rising raw material costs. However, the overall investment thesis remains intact, and the firm plans to revisit its numbers to assess the potential upside from current levels.”