Mahindra And Mahindra Share Price Rallied 2.5 Percent After Credit Suisse Has Maintained - Dollar Advisory & Financial Services

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Wednesday 30 May 2018

Mahindra And Mahindra Share Price Rallied 2.5 Percent After Credit Suisse Has Maintained

Mahindra and Mahindra share price rallied 2.5 percent after Credit Suisse has maintained Outperform rating on the stock with increased target price at Rs 1,030 following better-than-expected earnings for March quarter.

Auto profitability continued to improve in Q4, and 15 percent beat on EBITDA was helped by operating leverage, product-mix & cost-control, it said.

The research house further said tractor outlook is promising, given positive factors like monsoons, government spend on infra/rural & financial availability.

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