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   22 May 15 | 12:00 AM

1254.75  4.15 (0.33%)

NSE   22 May 15 | 12:00 AM

1255.65  6.7 (0.54%)

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 (%)
H D F C1,287.502.51
TCS2,619.552.42
Sun Pharma.Inds.1,003.302.29
O N G C322.451.53
Larsen & Toubro1,651.001.04

Poll

As selling pressure from FII continues, could the Nifty slip below 8,000 in the medium term?


Online Portfolio

You can create Online Portfolio here using the below button.