Mahindra & Mahindra surged over 6% after GST cuts lowered SUV levies to 40% from 45-50%, with small cars now taxed at 18%. While August UV sales dipped 9% YoY, April-August volumes rose 15%, reflecting sustained demand. SEBI analyst Sameer Pande said M&M charts remain bullish, with ₹3,430-3,450 seen as attractive entry levels for investors.