Mahindra & Mahindra’s stock surged after reporting a 13% rise in Q2 profit, exceeding market expectations. Analysts are optimistic, citing strong SUV and tractor sales, with potential for further growth and margin expansion. However, capacity constraints for ICE SUVs in the future are a concern.
Positive Breakout: These 11 stocks cross above their 200 DMAs
In the Nifty500 pack, 11 stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 16, according to stockedge.com’s technical scan data.