Mahindra & Mahindra gains for fifth straight session, hits new high

M&M hit a new high of Rs 940, quoting higher for the fifth straight trading sessions by gaining 6% during the period.

Shares of Mahindra & Mahindra (M&M) were quoting higher for the fifth straight trading days, hitting new high of Rs 940, up 2% on the BSE, after the government last week increased the minimum support price (MSP) of kharif crops for 2018-19.

In past six trading sessions, M&M has rallied 6% as compared to 1.5% rise in the S&P BSE Sensex. In past four months, it surged 29% against 7.5% rise in the benchmark index.

According to M&M, the Government’s plan to double farmer income by 2022 is expected to open many new opportunities for