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   28 Jul 14 | 12:00 AM

1200.75  -5.7 (-0.47%)

NSE   28 Jul 14 | 12:00 AM

1205.85  -4.75 (-0.39%)

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 (%)
Hind. Unilever686.453.69
Sun Pharma.Inds.789.701.33
B H E L229.501.17
Wipro555.100.86
Dr Reddy`s Labs2,766.700.76

Poll

Is L&T seen the top pick post the new infra lending norms by RBI?


Online Portfolio

You can create Online Portfolio here using the below button.