M&M share price rallies 3%: Brokerages see 25% upside on plans to double SUV capacity in 5 years

M&M shares rallied 3% after brokerages projected up to 25% upside on plans to double SUV capacity in five years.

The company's SUV capacity-doubling plans and upcoming launches were cited as drivers for the positive outlook.

Analysts issued ratings and target prices reflecting the growth potential from the capacity expansion.