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With tractor outlook down, auto biz holds key for M&M Utility major Mahindra & Mahindra’s (M&M) March quarter performance, though ahead of Street estimates, could have been better but for the impact of the merger of its Verito (car) business.
The stock, however, didn’t react much, given the Street’s concerns over the weakening performance of the tractor segment. Powered by a 25 per cent growth in auto segment volumes, M&M reported 38
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