20% Upper Circuit: Mahindra Group Stock Skyrockets After Reporting 419% YoY Increase in Net Profit
India, Oct. 16 -- This Mahindra Stock, engaged in providing micro irrigation systems, drip and sprinkler irrigation, water management solutions, irrigation automation, and protected cultivation services to improve farming productivity and support sustainable agriculture, hit a 20 percent upper circuit after the company reported strong September quarterly results with a 418.60 percent YoY increase in net profit.
With a market capitalization of Rs. 300.47 crores, the shares of Mahindra EPC Irrigation Limited hit a 20 percent upper circuit of Rs. 119.80 per share on Friday, up from its previous closing price of Rs. 99.84 per share. Since then, the stock has retreated and is currently trading at Rs. 107.50 per equity share.
Q2 FY27 Result...
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