A maturing market amid the mayhem
M&M stock rises in weak market
The company reported its quarterly numbers on Wednesday and said net profit nearly trebled, helped by cost cuts and strong sales.
Its shares, which ended as the top gainer in the BSE Auto index, touched an intra-day high of 942 rupees before closing at 928 rupees.
The stock has returned a tad over 5 percent this month, better than the 6.2 percent drop in the auto index.
Would you invest in this stock after evaluating its results?