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M&M trades with traction on the bourses

06 Aug 2014 Evaluate

Mahindra & Mahindra is currently trading at Rs. 1237.25, up by 7.30 points or 0.59% from its previous closing of Rs. 1229.95 on the BSE.

The scrip opened at Rs. 1238.00 and has touched a high and low of Rs. 1243.65 and Rs. 1229.75 respectively. So far 16544 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. 1243.65 and Rs. 1163.00 respectively. The current market cap of the company is Rs. 76309.07 crore.

The promoters holding in the company stood at 25.25% while Institutions and Non-Institutions held 54.76% and 14.91% respectively.

Mahindra & Mahindra (M&M) is reportedly in talks with French automobile major Peugeot for a strategic alliance that will involve technology sourcing, mutual sharing of production capacity in France and India as well as significant investments.

The tie-up talks include a facility swap across two continents between the auto majors. In others words, if the alliance works out, M&M will allow Peugeot to use its production facilities in India, for an Indian debut.

Similarly, Peugeot will allow Mahindra to use one of its plants in Europe for a more local European production presence. The tie-up may also include Mahindra sourcing engine technology, particularly diesel engine and diesel-hybrid technology, from Peugeot for its next-generation platforms.

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.

Mahindra & Mahindra Share Price

3199.35 -22.00 (-0.68%)
17-Apr-2026 16:59 View Price Chart
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