In today’s briefing:
- Mahindra & Mahindra (MM IN) | Scorpio-N Fake Bookings
Mahindra & Mahindra (MM IN) | Scorpio-N Fake Bookings
- One of our routine channels is suggesting the possibility of some of Mahindra & Mahindra (MM IN) ‘s Scorpio-N bookings being fake.
- This channel (an online auto forum) has been a trusted source of information followed by various industry veterans including the company’s chairman.
- While the rationalisation of fake bookings as a recent industry practice could solace some, the fallacy of the bookings narrative only gets stronger.
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