M&M shares tumble over 6%. Here’s the trigger
Shares of Mahindra & Mahindra (M&M) on Wednesday fell over 6% to the day’s low of Rs 2,737 on BSE amid news that the automaker has reduced prices of its compact crossover SUV namely XUV700.While a price cut would be marginally negative for earnings for M&M, analysts see it as a sign of weakening demand. …