Mahindra & Mahindra (M&M) is currently trading at Rs. 1231.45, up by 2.35 points or 0.19% from its previous closing of Rs. 1229.10 on the BSE.
The scrip opened at Rs. 1232.00 and has touched a high and low of Rs. 1245.00 and Rs. 1226.40 respectively. So far 14968 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1268.75 on 02-Jun-2014 and a 52 week low of Rs. 741.50 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 1245.00 and Rs. 1143.95 respectively. The current market cap of the company is Rs. 75964.17 crore.
The promoters holding in the company stood at 25.29% while Institutions and Non-Institutions held 52.80% and 16.92% respectively.
Mahindra and Mahindra’s (M&M) South Korean subsidiary SsangYong Motor has sold a total of 74,235 units in the first half of 2014 – 33,235 units in domestic sales and 41,000 in exports including CKD kits. These results were attributed to an increase in domestic sales of the company’s main models including the New Korando C (exports name: New Korando) and Korando Sports (exports name: Actyon Sports), and growth of global SUV market, up 6.9% compared to the same period last year.
However, its monthly sales in June dropped by 7.8% compared to June 2013 due to weak consumer confidence in the domestic market, an effect of exchange rate change and a slowdown in demand from the emerging markets. While the company reported a decrease of 8.0% in domestic sales for June year-on-year, its domestic sales for the first six months this year grew by 13.5% year-on-year on the back of increased demand for leisure vehicles.
SsangYong also saw a decrease of 7.7% in exports for June from a previous year affected by Russian market amid Ukrainian crisis, but year-to-date exports were up 2.1% backed by steady sales growth of the New Korando C in the overseas market. Meanwhile, SsangYong has made downward revision in its 2014 sales goal from 160,000 units to 150,500 units in the end of April due to decreased demand from the global markets.
Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 355.60 |
| Maruti Suzuki | 13445.95 |
| Mahindra & Mahindra | 3219.55 |
| Hyundai Motor India | 1885.75 |
| Mercury Metals | 34.32 |
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