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MARKET EYE-Mahindra & Mahindra gains on improved rainfalls
August 21, 2012 / 8:17 AM / 5 years ago

MARKET EYE-Mahindra & Mahindra gains on improved rainfalls

* Tractor maker Mahindra & Mahindra shares gain 1.1
percent 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 percent since June 1,
compared with a 10.8 percent gain in the NSE index 
during the same period. 

 (manoj.dharra@thomsonreuters.com)

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