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Reduce M&M, target of Rs 689: Reliance Money

Posted on: June 16th 2009 in Brokerage Recommendations.

Reliance Money has recommended a reduce rating on Mahindra & Mahindra, with price target of Rs 689, in its report dated June 16, 2009. “M&M plans to launch 2 new products in auto segment. Newly launched Xylo has already received good response and new SUV launch is also as…

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