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.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.