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M&M gains as its arm aims to increase its outlets to 2,000 by 2020

18 Jun 2015 Evaluate

Mahindra & Mahindra is currently trading at Rs 1248.40, up by 2.15 points or 0.17% from its previous closing of Rs 1246.25 on the BSE.

The scrip opened at Rs. 1259.70 and has touched a high and low of Rs. 1266.90 and Rs. 1246.35 respectively. So far 17116 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. 1106.00 on 10-Feb-2015.

Last one week high and low of the scrip stood at Rs. 1266.90 and Rs. 1176.90 respectively. The current market cap of the company is Rs. 77543.38 crore.

The promoters holding in the company stood at 25.65% while Institutions and Non-Institutions held 56.08% and 12.89% respectively.

Mahindra & Mahindra’s (M&M) wholly owned subsidiary -- Mahindra First Choice Wheels (MFCWL) -- multi-brand certified used car company, has set a target to increase its number of outlets to around 1,800-2,000 by 2020 from the current around 515. Moreover, the company is open for strategic investors.

At the end of March 31, 2015 the company had around 500 outlets across the country and it is now increased to 515. In 2015-16, the company has set a target to add 200 outlets across the country.

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

3202.80 3.45 (0.11%)
20-Apr-2026 11:22 View Price Chart
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