Stock Radar: M&M rallies 40% in 3 months; could surpass Rs 1,200 level

The automobile stock is cruising along nicely even though the market mood seems to be on the downside. The stock with a market capitalization of Rs 1.2 lakh cr hit a fresh 52-week high of Rs 1057 on 2 June 2022. The stock fell marginally on Friday when Nifty50 plunged by more than 270 points amid weak global cues.

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