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M&M drops after announcing Q1 results

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Capital Market

Mahindra & Mahindra was down 1.9% to Rs 1,452.40 at 14:17 IST on BSE after net profit rose 12.36% to Rs 955.21 crore on 14.33% growth in total income to Rs 12159.73 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 10 August 2016.

Meanwhile, the S&P BSE Sensex was down 290.85 points or 1.04% at 27,794.31.

On BSE, so far 2.62 lakh shares were traded in the counter as against average daily volume of 95,075 shares in the past one quarter. The stock was volatile. The stock lost as much as 3% at the day's low of Rs 1,436 so far during the day. The stock rose as much as 0.97% at the day's high of Rs 1,494.95 so far during the day. The stock had hit a record high of Rs 1,508.80 yesterday, 9 August 2016. The stock had hit a 52-week low of Rs 1,092 on 12 February 2016.

 

Mahindra & Mahindra (M&M) enjoys a leadership position in tractors and utility vehicles.

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First Published: Aug 10 2016 | 2:14 PM IST

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