Quotes with Resistance & Support
Market Information

Intraday calls for 10-12-10

Markets likely to open slightly lower. Support for nifty is at 5730. Buy Mahindra & Mahindra ltd on dips near 750-755 with stoploss of 740. – (book profits at 765) IIP data data to be out today Click here to view Nifty …

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Mahindra & Mahindra Q1 net at Rs 400 cr

Posted on: July 30th 2009 in Stock News.

MUMBAI: Automobile major Mahindra & Mahindra on Thursday reported a net profit of Rs 400.85 crore in the first quarter ended June 30 against Rs 159.30 crore in the same quarter last year. However, June quarter figures are not comparable with the results of the corresponding period …

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M&M keen on picking up GM’s assets

Posted on: June 4th 2009 in Press Releases.

The Indian operations of GM may not get affected by the automaker’s filing for bankruptcy, but for the Indian auto component industry, it’s a great opportunity to grab. Mahindra and Mahindra (M&M) too want to join in as after Europe it’s a great chance for them to …

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Buy Mahindra & Mahindra, target of Rs 756: Motilal Oswal

Posted on: June 2nd 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Mahindra & Mahindra with a target price of Rs 756 in its May 29, 2009 research report. “M&M’s operational performance for 4QFY09 was significantly better than we had expected, driven by merger of PTL and cost savings, with …

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Nashik strikes Rs 25cr daily dent to M&M

Posted on: May 8th 2009 in Stock News.

Union leader’s suspension sparks workers’ protest..Workers at Mahindra & Mahindra’s largest plant, at Nashik, have gone on an indefinite ‘tools down’ strike, denting the company’s revenue by Rs 25 crore a day. This, along with Hyundai’s troubles, …

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Heard on the Street

Posted on: April 7th 2009 in Stock Views.

Investors seem to have taken a sudden liking to shares of small-ticket finance and leasing companies, thanks to widening spreads between lower borrowing costs and higher lending rates. …

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