 "The management commentary reiterated robust demand prospects on the rural side with M&M tractor plants currently operating at 80 per cent utilisation levels")
Shares of Mahindra & Mahindra (M&M) gained 2 per cent to Rs 518.50 in the early morning deals on the BSE on Monday, surging 9 per cent in the past two trading days, after it reported a robust operational performance in the January-March quarter (Q4FY20).
The company reported a standalone net loss of Rs 2,500 crore, due to exceptional loss of Rs 2,800 crore on account of impairment on investments due to Covid-19 and others. It had posted net profit of Rs 849 crore in the year-ago quarter.
Standalone net sales for the quarter were at Rs 9,144 crore, down 35 per
