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Mahindra & Mahindra hits 52-week low on lower guidance for tractor sales

Shares of Mahindra & Mahindra (M&M) hit a 52-week low of Rs 661 per share, down 3% on the NSE in early morning trade on Monday after the management revised its tractor volume guidance downwards to 10% from earlier band of 12-14%. It also expects FY20 tractor growth to be in single digits. M&M has posted 60% year-on-year (Y-o-Y) growth in net profit at Rs 1,476 crore in December 2018 quarter against Rs 920 crore in the year-ago quarter.  

Read More at Business Standard News date : 11 Feb 2019, Monday

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