Capital allocation, urban volumes, new regime key factors to be seen
Mahindra earlier reported a consolidated net loss of Rs 19.55 billion ($258 million), compared with a net profit a year ago, as it booked a writedown on its investment
All that happened in the markets today
The company's revenue also declined 35 per cent on a YoY basis to Rs 9,004.72 crore
According to the monthly sales update provided by the company, Mahindra & Mahindra sold 15.1 lakh units during the quarter
Most firms not indicating financial impact
SIAM, an industry trade body, says that if the economy contracts by 2% in the year starting April 1, sales of cars, trucks and motorbikes could decline.
Mahindra & Mahindra's stock has provided a breakdown from a rising wedge pattern on the daily chart
Office life in these cities resumed on Monday, albeit cautiously and with full knowledge of the need to maintain social distancing.
Of 30 constituents, 20 declined and 10 advanced. Mahindra & Mahindra ended as the top loser on the index while telecom major Bharti Airtel was the biggest gainer
The anticipated economic slump is likely to weaken their prospects
The Nifty Auto index fell 7.33 per cent as compared to 5.1 per cent decline in the Nifty50 index
Ashok Leyland and Hero MotoCorp surged over 10 per cent each
Incentive hikes, credit period extension among steps taken to support them during corona crisis
M&M has a diversified business profile with presence across farm equipment, auto and automotive components, defence, information technology, hospitality, steel trading, infrastructure and aerospace
Higher tractor margins, cash on books and better capital allocation policy are positives
Market breadth was in favour of advances as out of 2,576 companies traded on the BSE, 1,842 advanced and 540 declined while 194 securities remained unchanged
SYMC's fate hangs in balance as it will need to raise funds from other investors
The Nifty Auto index has plunged 41.7 per cent since February 3, 2020 as compared to 29.5 per cent fall in the Nifty50 index
At the index level, the Nifty Auto index was down 1.4 per cent as compared to 1.3 per cent decline in the Nifty50 index