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.
The ongoing correction is driven by a mix of valuation concerns, muted earnings growth, and global macro uncertainties. Rising geopolitical tensions and the risk of
In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on March 07, according to stockedge.com’s technical scan data.
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