Mahindra & mahindra articles

  • Mahindra and Mahindra shares get an upgrade as analyst sees SUV 3XO as a game changer

    Mahindra and Mahindra shares have the potential to surge 15% , said brokerage firm DAM Capital Advisors and upgraded its rating on the stock to ‘buy.’M&M shares surged almost 2% to ₹2,204 to hit an all-time high during the day on the NSE. The stock was among the top five Nifty 50 gainers and also outperformed the sectoral index Nifty Auto which traded 1.12% higher.In the past year, the stock has given a return of 77% to its investors as against the benchmark Nifty 50 which has risen 25% during...

  • Kotak Mahindra Bank shares plunge 10% after RBI bars onboarding customers digitally

    Kotak Mahindra Bank share price today: The Reserve Bank of India's (RBI) decision to temporarily halt Kotak Mahindra Bank's onboarding of new customers through online and mobile banking channels, as well as the issuance of new credit cards, has led to a significant drop in the bank's share price. The stock fell by up to 10% to Rs 1,659 on the Bombay Stock Exchange (BSE) on Thursday as investors reacted negatively to the news.At 9:43 AM, shares of Kotak Mahindra Bank were trading at Rs 1,658.25,...

  • Tech Mahindra Q4 net profit down 41% to Rs 661 crore; revenue tanks 6.2%

    Tech Mahindra, country's fifth largest IT services firm, reported a decline in net profit of 40.9% year-on-year (YoY)to `661 crore primarily driven by slowdown in its telecom, communications, media and entertainment business, which is its largest vertical with 36.5% market share.The profit stood at Rs 1,118 crore in last year's March quarter. Sequentially, profit grew 29.6% from Rs 510 crore in the December quarter because of a one-off gain. The Pune-headquartered firm’s consolidated revenue...