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M&M soars on reporting 20% growth in October sales

02 Nov 2015 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs. 1222.00, up by 39.50 points or 3.34% from its previous closing of Rs. 1182.50 on the BSE.

The scrip opened at Rs. 1202.00 and has touched a high and low of Rs. 1222.00 and Rs. 1202.00 respectively. So far 15212 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1441.45 on 07-Aug-2015 and a 52 week low of Rs. 1095.00 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 1260.00 and Rs. 1175.00 respectively. The current market cap of the company is Rs. 75586.94 crore.

The promoters holding in the company stood at 25.56%, while Institutions and Non-Institutions held 54.91% and 13.77% respectively.

M&M, India’s leading SUV manufacturer, has reported its auto sales numbers which stood at 51,383 units during October 2015 as against 42,780 units during October 2014, registering a growth of 20%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 24,060 units in October 2015 as against 20,255 units during October 2014, up by 19%.

The company's domestic sales stood at 48,815 units during October 2015 as against 40,278 units during October 2014. In October 2015, the Medium and Heavy Commercial Vehicles segment sold 581 units, registering a growth of 169%.  The company’s exports for October 2015 stood at 2,568 units registering a growth of 3%.

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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