Nov 15, 2012, 09.51 AM | Source: Moneycontrol.com
Mahindra & Mahindra Financial Services fell as much as 3.4 percent intraday to hit a low of Rs 931.95 on Tuesday on the back of equity dilution for raising funds.
The company has raised Rs 866.80 crore via qualified institutional placement of 97.5 lakh equity shares at Rs 889 a share, well below the current market price.
At 16:38 hours IST, the stock declined 2 percent to Rs 945.90 on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 9,837.62 crore.
Hemant Thukral of Aditya Birla Money is of the vie
Motilal Oswal is bullish on Mahindra & Mahindra ha
Sameet Chavan of Angel Broking is of the view that
Experts said volatile market conditions forced man
Sandeep Wagle of powermywealth.com is of the view