Menu Maintain ‘buy’ on M&M as our top pick in the sector – Tehuty Finance

Maintain ‘buy’ on M&M as our top pick in the sector

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We estimate the carrying value of SYMC on M&M books to be ~Rs 12.6 billion, thus a write-off of this amount may also need to be taken in case SYMC files for bankruptcy and the stake sale does not take place. But this will not be a cash loss.


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