m&m shares: F&O stocks: M&M, Canara Bank among 5 stocks with long buildup
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup
Stay updated with breaking news from M Amp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup
Shares of Mahindra & Mahindra (M&M) jumped over 4% on BSE after brokerages raised their target prices. The Q3 results showed better than expected average selling prices (ASP) and volume growth of 11% YoY. The standalone profit rose 61% YoY to Rs 2,454 crore.
Hindalco Industries on Tuesday reported 71% growth in its consolidated net profit at Rs 2331 crore for the quarter ended December 2023.
Among other important results will be those Aditya Birla Fashion and Retail (ABFRL), Crompton Greaves Consumer Electricals, Eureka Forbes, IPCA Laboratories, KPI Green Energy, Liberty Shoes, Natco Pharma, National Fertilizers, Narayana Hrudayalaya, PTC India, Rajesh Exports, Rana Sugars, Reliance Capital, Sun TV Network and Wockhardt.
Mahindra & Mahindra reports Q3 PAT increase to Rs 2,658 crore. Tractor sales decline 4.1%. Tractor industry volume declines due to weaker monsoon, weather vagaries, high base, and lower reservoir levels. Farmers' protest unlikely to impact tractor industry. Maharashtra, Andhra Pradesh, Telangana, and Karnataka markets face stress. Good monsoon and reservoir levels will boost rural sentiment.