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M&M declines on reporting 9.80% fall in February sales

03 Mar 2015 Evaluate

Mahindra & Mahindra is currently trading at Rs 1252.95, down by 24.50 points or 1.92% from its previous closing of Rs 1277.45 on the BSE.

The scrip opened at Rs 1256.00 and has touched a high and low of Rs 1264.00 and Rs. 1241.05 respectively. So far 18949 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 940.70 on 05-Mar-2014.

Last one week high and low of the scrip stood at Rs 1307.80 and Rs. 1243.10 respectively. The current market cap of the company is Rs. 77748.34 crore.

The promoters holding in the company stood at 25.74% while Institutions and Non-Institutions held 56.26% and 12.58% respectively.

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has reported its auto sales numbers which stood at 38,033 units during February 2015 as against 42,166 units during February 2014, registering a fall of 9.80%. The Passenger Vehicles segment (which includes UVs and the Verito) sold 18,103 units in February 2015 as against 19,308 units during February 2014.

The company’s domestic sales stood at 34,918 units during February 2015 as against 39,338 units during February 2014. In February 2015, the Truck & Bus division of the company sold 731 units, registering a growth of 21%. Exports for February 2015 stood at 3,115 units registering a growth of 10%.

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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