InvestorQ : I am holding M&M finance and buying price @171. why this co is not going up from past many months. is there any possibility of break down below 140 level. should I maintain stoploss ?
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I am holding M&M finance and buying price @171. why this co is not going up from past many months. is there any possibility of break down below 140 level. should I maintain stoploss ?

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Khushi Patel answered.
4 months ago
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M&M Finance has taken huge impairment losses on its rural portfolio during the June quarter and that was the only sore point in the entire M&M group performance. With the near term outlook bleak, it is perfectly possible that the stock could dip below Rs.140 from the current price of Rs.153. Trade cautiously on M&M Finance.

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