M&M shares rally nearly 8%
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New Delhi: Shares of Mahindra & Mahindra continued to rally on Friday, climbing nearly 8 per cent, after the company reported a 4 per cent rise in consolidated profit after tax (PAT) for the March quarter.
The stock jumped 7.66 per cent to Rs 2,554.75 -- its 52-week high -- on the BSE. At the NSE, it climbed 7.68 per cent to the 52-week peak of Rs 2,554.10 apiece. It emerged as the biggest gainer among the BSE Sensex and NSE Nifty firms.
The company’s market valuation climbed to Rs 3,13,356.83 crore. On Thursday, shares of Mahindra & Mahindra climbed nearly 4 per cent. Mahindra & Mahindra on Thursday reported a 4 per cent increase in consolidated PAT to Rs 2,754 crore for the March quarter, driven by strong performance of its automotive and farm sector segments.
