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2024

M&M shares fall over 2% on reporting muted Q1 profit. Should you invest?

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Mahindra & Mahindra's shares fell over 2% after the company reported a 5% decline in standalone Q1 net profit to Rs 2,613 crore, despite a 12% rise in operational revenue. Leading brokerages, including BofA, JP Morgan, and Nuvama, remain optimistic, adjusting their target prices upwards.