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Mahindra & Mahindra stock rises 10% post Q3 earnings; here s what brokerages say
M&M stock opened 2.59% higher at Rs 888, also its intraday low, against its previous close of Rs 865.60. The stock gained 10% to hit a new 52-week high at Rs 952.15
BusinessToday.In | February 8, 2021 | Updated 13:52 IST
M&M stock trades higher than 5, 20, 50, 100 and 200-day moving averages
Mahindra & Mahindra s (M&M) share price soared to an upper circuit of 10% on Monday after the company reported a 42% YoY jump in its Q3 net profit at Rs 1,268 crore against Rs 891.5 crore in the year-ago quarter.
Revenue of the firm also grew 11% YoY to Rs 21,625.95 crore from Rs 19,430 crore in the corresponding quarter last year.