Favourable analyst re-rating, anchored in the ‘core’ focus at M&M, had helped the stock gain 93% in the past two years, compared with a 20% climb for the Nifty 50 over the same period.
Standard deviation studies pointing Nifty at 25,000 and beyond: Anand James
Anand James of Geojit Investments sees potential for Nifty to hit 25,000, though warns that a drop below 24,280 may signal weakness. He expects defence