M&M shares rise 5% after Q2 results and bullish brokerage view
In short
M&M shares rose 5% after its Q2 results.
The report says brokerages stayed bullish. It also says farm EBIT margin was 16.8%, down 176 basis points from the previous quarter, while auto EBIT margin was 7.7%, up 58 basis points.
What the reporting says
M&M shares surged 5% after Q2 results, with brokerages maintaining a bullish outlook, according to a BusinessLine Markets summary. The update cited farm EBIT margin at 16.8%, down 176 basis points quarter-on-quarter, and auto EBIT margin at 7.7%, up 58 basis points quarter-on-quarter. The figures were the main performance markers in the report.
Why it matters
M&M shares rose 5% after Q2 results, and brokerages kept a bullish view on the company. The report highlighted farm EBIT margin at 16.8%, down 176 basis points quarter-on-quarter, and auto EBIT margin at 7.7%, up 58 basis points quarter-on-quarter. That mix suggests investors focused on segment performance and the positive response from analysts.