New Delhi: Tractor maker Mahindra & Mahindra shares gain 1.1 per cent as heavy rains hit some of the parched parts of the country, easing fears of a repeat of the widespread drought that gripped three years ago.
Mahindra & Mahindra shares also continue to benefit after April-June earnings earlier this month showed strong demand for its utility vehicles, helping offset some of the concerns about tractor sales.
Despite fear of a drought during the monsoon season, Mahindra & Mahindra shares have surged 19.25 per cent since June 1, compared with a 10.8 per cent gain in the Nifty during the same period.
Copyright @ Thomson Reuters 2012
Mahindra & Mahindra shares also continue to benefit after April-June earnings earlier this month showed strong demand for its utility vehicles, helping offset some of the concerns about tractor sales.
Despite fear of a drought during the monsoon season, Mahindra & Mahindra shares have surged 19.25 per cent since June 1, compared with a 10.8 per cent gain in the Nifty during the same period.
Copyright @ Thomson Reuters 2012
