Brokerages Bernstein and Jefferies view the recent drop in Mahindra & Mahindra shares due to concerns over Tesla’s potential market entry as a buying opportunity. Analysts emphasize M&M’s strong product linkages with autos and agriculture, considering the stock a solid long-term investment.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.