Mahindra and Mahindra gains as its arm aims 400 service outlets in FY17

Mahindra & Mahindra Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500520 | NSE: M&M

21 Jun 2016 Evaluate

Mahindra & Mahindra is currently trading at Rs 1366.70, up by 15.90 points or 1.18% from its previous closing of Rs. 1350.80 on the BSE.

The scrip opened at Rs. 1358.85 and has touched a high and low of Rs. 1368.80 and Rs. 1355.60 respectively. So far 36606 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. 1092.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1367.00 and Rs. 1332.00 respectively. The current market cap of the company is Rs. 84732.53 crore.

The promoters holding in the company stood at 25.44%, while Institutions and Non-Institutions held 55.47% and 13.53% respectively.

Mahindra and Mahindra’s wholly-owned subsidiary -- Mahindra First Choice Services (MFCS) is planning to take the number of its service outlets to 400 this financial year, with an investment of about Rs 350 crore. The total investment will be Rs 300 crore for the outlets which will come from franchisees, while the company will be spending Rs 40-50 crore in IT infrastructure and related expenditures during the year.

In the beginning of the year, the company had around 100 service outlets and by the end of the FY17, the company is targeting to have 400 outlets across the country including north-east. The market is worth Rs 20,000 crore. In addition, the company will ramp up the number of workshops to 500 by the end of FY18.

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

3329.50 -41.00 (-1.22%)

08-May-2026 16:59 View Price Chart

Peers

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