As dark clouds lift a little, a delighted Anand Mahindra tells India to do this to stay safe

Anand Mahindra tweeted today that he was extremely happy to see a decline in the Coronavirus linked death rate. In fact, all the charts showed a falling corona trend and that spelled good news for India. However, Mahindra has big message so that the country does not get complacent. To ensure that corona is forever defeated, Mahindra advised people to make sure they wear masks and remain cautious (maintain social distancing and wash hands frequently). 

Anand Mahindra tweet read:
"Those lines are headed in the right direction: Downwards... Most heartened by the declining fatality figures. This trend only amplifies the need for us to play our role in this story & stay masked, stay cautious.."

Read Tweet Embedded Below:

Those lines are headed in the right direction: Downwards...
Most heartened by the declining fatality figures. This trend only amplifies the need for us to play our role in this story & stay masked, stay cautious.. pic.twitter.com/tbOirCPwOE

— anand mahindra (@anandmahindra) October 27, 2020

According to Health Ministry’s update, India added total of 36,470 cases in past 24 hours, taking the total number of confirmed corona cases in India to 79,45,938, out of which 71,98,810 have recovered and 6,26,224 are still active. 

See Zee Business Live TV Streaming Below:

This indicates that the recovery rate has been over 90%. The pace of the increases in cases has fallen below 40000 today, which is the lowest in the past 3 months. This update was as of 8 a.m. today. 
On the corporate performance front, Mahindra group has done extremely well since past few months due to strong growth in the tractor segment. Rural recovery has been extremely strong and analysts are expecting that the tractor demand is only going to increase from here on. With the festive season going on, sales have been encouraging. Also, the monthly sales data for the month of October will be coming on November 1st, broking houses and analysts believe that dealer survey has clearly indicated sales numbers for the month of October will be extremely strong. Management commentary and guidance has been strong as the monsoon season was good.  

M&M Financial services results have been above estimates, indicating that rural recovery has been strong and demand will remain intact going forward. Brokerages have raised their target price for M&M Finance and strong performance from the company in coming quarters.