Mahindra & Mahindra (M&M) stock has outperformed both Nifty50 and Nifty Auto indices and recent momentum indicators suggest it’s in an overbought zone. M&M stock could still see a 15-20% uptick aided by a supportive chart structure and good fundamentals, although trends indicate it might be time to book profits. The market also suggests that M&M stock is trading in an overbought zone. The company reported a YoY growth of 22% in net standalone profit at Rs 1,549 crore for the March quarter.
Oil little changed as traders assess supply risks
Oil prices remained stable amidst geopolitical tensions in the Middle East and Russia, coupled with concerns over trade tariffs impacting fuel demand. Escalating conflict in