M&Mās margin surprise and exit from loss-making units enthuses investors
M&Mās margin surprise and exit from loss-making units enthusesĀ investors
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Mahindra & Mahindra Ltd (M&M) shares gained 7% on Friday and the company added Rs4,000 crore to its market cap, after it announced a massive loss of Rs3,255 crore for the March quarter. What explains this?
The huge loss was a result of a write-down of M&Mās investment in Ssangyong and other international subsidiaries, something that has already been factored in. Excluding thisā¦
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