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M&M edges higher after Nomura highlights EV pricing strength
M&M gained 2% after Nomura highlighted strong pricing for its coming seven seater EV and projected about 16% upside.
Mahindra and Mahindra rose about 2% after Nomura highlighted competitive pricing for its upcoming seven seater electric SUV. The brokerage projected nearly 16% upside driven by product expansion and margin improvement. The counter attracted interest from automobile focused portfolios while broader auto sector sentiment stayed positive.