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Did traders overestimate what Mahindra will pay for SML Isuzu?

Did traders overestimate what Mahindra will pay for SML Isuzu?
Did traders overestimate what Mahindra will pay for SML Isuzu?
Collage by Mohommad Arshad

Synopsis

The sharp fall in SML Isuzu stock price reflects the potential losses, or the absence of anticipated profits that the traders had not hoped for.

Between March 1 and April 25, the day when Mahindra & Mahindra (M&M) made public its intention to buy a controlling stake in bus maker SML Isuzu, the Indian unit of the Japanese company was the top performer. On the very first trading day after the official announcement on April 26, it’s the worst auto stock. The sharp fall reflects the potential losses, or the absence of anticipated profits from the trade as the Mumbai-based tractor
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The Economic Times