Mahindra & Mahindra (M&M) tanked nearly 8 per cent from a high of Rs 1,336 to a low of Rs 1,231 in the noon deals on the back of poor monthly sales.
According to a release issued by the company to the BSE, M&M reported a sharp 34 per cent drop in monthly sales at 14,207 units sold in November 2014 when compared with 22,343 sold in November 2013.
The stock has recovered partially from the day's low, and is now down 2.3 per cent at Rs 1,293. The counter has seen trades of around 56,000 shares as against the two-week daily average volume of around 87,000 shares on the BSE.
Meanwhile, the Sensex has slipped into the red and is now down 52 points at 28,642.
No comments:
Post a Comment