100% rally in one year! Multibagger auto stock falls 4% — should you buy? Experts' rationale, target price
NSE moved lower with 1 October in focus.
· LiveMint Markets
SML Mahindra share price opened at ₹6,501 on NSE today, as compared to previous close of ₹6,578 on Wednesday and touched an intraday low of ₹6,300.05 on 1 October.
Key facts
- Dates in focus
- 1 October
The analysis
NSE reported ₹6,501, ₹6,578 and ₹6,300.05, with movement of 4% and 100% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sector exposure: Auto.
- The immediate tone of coverage reads positive.
In this story
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