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M&M gains on plan to unveil two Compact Utility Vehicle platforms in 2015

12 Sep 2014 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs. 1377.70, up by 2.30 points or 0.17% from its previous closing of Rs. 1375.40 on the BSE.

The scrip opened at Rs. 1373.00 and has touched a high and low of Rs. 1384.70 and Rs. 1368.80 respectively. So far 6383 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1421.00 on 04-Sep-2014 and a 52 week low of Rs. 800.15 on 12-Sep-2013.

Last one week high and low of the scrip stood at Rs. 1420.45 and Rs. 1354.05 respectively. The current market cap of the company is Rs. 85465.42 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, the automobile major is all set to unveil two Compact Utility Vehicle platforms and one Commercial vehicle platform next year. The company’s sales have been impacted by two things; narrowing of gap between diesel and petrol price and a shift in product preferences of consumers towards compact UVs. The company was recently looking to strengthen its global presence even as its sales have been shrinking in the local market.

Meanwhile, the company is working out a joint entry strategy in key markets with Korean unit Ssangyong Motor and exploring alliance opportunities with Swedish carmaker Saab and Peugeot Citroen of France.

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%)
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