Mahindra and Mahindra Q1 FY 20 Financial Highlights:
Result Analysis:
• Revenue down by 4.13% at 12806 Cr. Vs 13357 cr.
• Net profit up by 79.79% at 2260 Cr. Vs 1257 cr.
• EBITDA down by 14.98% at 1794 Cr. Vs 2110 cr.
• EBITDA Margin down by 180 bps
View: Weak Numbers reported by M&M
Technical View: Stock is in negative trend and can touch 525-520 mark and then to 500 mark in days to come else it could test its hurdle of 560. Break and sustain above 560 will take it to 580-600 mark.