Live Markets »News & Advice»Latest Stories»Latest Stories Details
Latest Stories Details
Back

M&M gains on improved rainfalls

Reuters/Mumbai 21 Aug 12 | 02:06 PM
 Mahindra & Mahindra Ltd
tradenow

BSE   11 Feb 16 | 03:58 PM

1126.00  -58.35 (-4.93%)

NSE   11 Feb 16 | 03:24 PM

1126.45  -55.85 (-4.72%)

Tractor maker Mahindra & Mahindra shares gain 1.1 percent as heavy rains hit some of the parched parts of the country, easing fears of a repeat of the widespread drought that gripped three years ago.

Mahindra & Mahindra shares also continue to benefit after April-June earnings earlier this month showed strong demand for its utility vehicles, helping offset some of the concerns about tractor sales.

Related Stories

    No Related Stories Found

Despite fear of a drought during the monsoon season, Mahindra & Mahindra shares have surged 19.25 percent since June 1, compared with a 10.8 percent gain in the Nifty during the same period.

Sensex

Company Price Gain (%)
Cipla541.000.40
Dr Reddy`s Labs2,887.000.01

Poll

Will bank shares witness a decline in the near term after RBI kept key rates unchanged?


Online Portfolio

You can create Online Portfolio here using the below button.