 "The logo of Mahindra and Mahindra is seen on a car at a showroom in Mumbai, India")
Shares of Mahindra & Mahindra rallied over 6% after the utility vehicle and farm equipment major reported a 26.3% growth in net profit at Rs 874 crore for the March quarter, helped by an exceptional gain of Rs 93 crore and higher other income of Rs 294 crore.
The stock gained as much as 6.3% to Rs 1,449 on the BSE. So far, 79,000 shares exchanged hands on the counter against its two-week average of 85,000 shares.
Consolidated revenue from operations (including other income) increased over 5% to Rs 12,889 crore. The company took a one-time hit of Rs 171
