Mahindra & Mahindra shares drop 1.71% in weak market session
Updated
Updated · MarketWatch · Apr 30
Mahindra & Mahindra shares drop 1.71% in weak market session
8 articles · Updated · MarketWatch · Apr 30
The stock closed at 3,096.90 rupees on Thursday as the BSE Sensex fell 0.75% to 76,913.50.
Mahindra & Mahindra ended 19.35% below its 52-week high of 3,840.00 rupees reached on 5 January.
Among peers, Hero MotoCorp fell 0.30%, Ashok Leyland lost 2.20% and Hindustan Motors was unchanged, while Mahindra trading volume reached 233,321 against a 50-day average of 175,217.
Mahindra's stock fell despite record sales. Is this a buying opportunity, or are analysts overlooking severe underlying industry risks?
As Mahindra pivots to EVs, can it navigate raw material shortages and infrastructure gaps to win India's electric vehicle race?