M&M plunges nearly 3% on Credit Suisse downgrade

Mahindra & Mahindra (M&M) plunged on Tuesday after global firm Credit Suisse downgraded the India"s biggest utility vehicle manufacture to "neutral" from "outperform". Shares ofthe companyare trading at Rs 832.50, down Rs 24.9, or 2.90% at the Bombay Stock Exchange (BSE) on Tuesday at 1:50 p.m.The scrip has touched an intra-day high of Rs 864.95 and low of Rs 832.50. The total volume of shares traded at the BSE is 30,693.In the earlier session, the shares climbed 0.35%, or Rs 3, at Rs 857.40. Currently, the stock is trading down 5.24% from its 52-week high of Rs 878.50 and above 33.9% over the 52-week low of Rs 621.75.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 867.70 (10.30) (1.19) 1 Month 777.05 80.35 10.34 3 Months 709.25 148.15 20.89 6 Months 706.25 151.15 21.40 1 Year 810.55 46.85 5.78 Note: Based on previous day closing price.