M & m Q3 result: The shares of Mahindra & Mahindra (M&M), which created the ‘Scorpio’ SUV, suffered a shock after the result of the December quarter today. Although its profit increased by 19 per cent due to strong demand from SUVs and tractors in the December quarter, the share broke over 3 per cent from Intra-Day High. Currently, it is at a price of Rs 3114.55 with a decline of 0.79 per cent on BSE. It had jumped 2.61 per cent to high at Rs 3221.40 in intra-day but then it slipped 3.44 per cent from this high to Rs 3110.50.
M & M Q3 Result: Special things
Mahindra & Mahindra’s net profit rose 19 per cent to Rs 2,964 crore on an annual basis in the December quarter. Apart from this, the operational revenue also jumped 20% to Rs 30,538 crore. These results were slightly weak with the expectation of the market. In the polls made by Moneycontrol on seven brokerage firms, its revenue was estimated to rise by 21.8 per cent to Rs 30,803 crore and profit 23 per cent to reach Rs 3,018 crore. The company achieved a new place in terms of sales of tractors and secured a record 44.2 per cent stake in this market. It rose by 2.40 percent on an annual basis.
How was the move of shares in a year
M&M shares have doubled investors’ money in a year. Last year, on 13 February 2024 it was at Rs 1623.20, which is a one -bottom level of one year for its shares. From this lower level, it reached Rs 3270.00 on 4 February 2025 in a year, which is a record high for its shares. However, the shares came to a standstill here and currently it is more than 4 per cent downside from this record high.
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