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Mahindra

Ajay Khandelwal's picture
Submitted by Ajay Khandelwal on October 4, 2009 - 05:26

Buy Mahindra & Mahindra To Achieve Short-Term Target Of Rs 930 Says Nirmal Bang

Nirmal Bang, an equity research firm said that Mahindra & Mahindra can give good returns in the short term.
The report further stated that, if the counter is successful to breach Rs 910 levels, then it will hit a target of Rs 980.
The stock has strong support at Rs 845.
The shares of the company on Thursday (Oct 01) closed at Rs 891.25, up Rs 10.05, on the Bombay se. Current EPS and P/E of the stock stood at 37.55 & 23.74
respectively. The total volume of the shares traded stood at 299641.

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