If the market falls, M&M would fall with it:
If there is a decent pullback rally, M&M would do well but if the market falls, M&M would also fall with it.
M&T BANK, the American lender in which AIB is the largest shareholder, has reported a 22% fall in annual profits after taking a $127 million write-down in the value of investments linked to subprime mortgages.