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M&M gains as its arm eyes 50% growth in the coming years

26 Mar 2015 Evaluate

Mahindra & Mahindra is currently trading at Rs 1217.20, up by 9.25 points or 0.77% from its previous closing of Rs 1207.95 on the BSE.

The scrip opened at Rs. 1210.00 and has touched a high and low of Rs 1222.00 and Rs. 1198.70 respectively. So far 7871 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. 952.30 on 26-Mar-2014.

Last one week high and low of the scrip stood at Rs. 1230.90 and Rs. 1153.90 respectively. The current market cap of the company is Rs. 75698.74 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’s (M&M) arm - Mahindra First Choice Wheels (MFCWL), which recently raised $15 million (Rs 94 crore) from US-based Valiant Capital, is eyeing 50 percent growth in the coming years.

The multi-brand used-car company would give more thrust on rural sales and following the successful pilot of light commercial vehicle (LCV) sales, it would step up focus on them. The company expects to close FY15 with revenue of Rs 50 crore, which is almost double compared to the 2013-14 revenue.

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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