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Shares of M&M lost nearly 1.5% to Rs 1,355 on the BSE after Credit Suisse downgraded the stock to "neutral" from "outperform" saying the company's valuations are no longer "attractive".
Meanwhile, SUV maker M&M witnessed pressure earlier during the month after Kotak Institutional Equities downgraded the stock.
Mahindra & Mahindra Limited is an Indian multinational automobile manufacturing corporation headquartered in Mumbai. It is one of the largest vehicle manufacturers by production in India and the largest seller of tractors across the world.
The stock opened at Rs 1,370 touched a high of Rs 1,372 and a low of Rs 1,348 on the BSE. A total of 25,013 shares changed hands on the BSE so far.
