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M&M slips on plan to hike prices of vehicles by up to Rs 26,500 from January

26 Dec 2016 Evaluate

Mahindra & Mahindra is currently trading at Rs 1153.00, down by 18.75 points or 1.60% from its previous closing of Rs. 1171.75 on the BSE.

The scrip opened at Rs. 1174.75 and has touched a high and low of Rs. 1174.75 and Rs. 1146.80 respectively. So far 48746 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1508.80 on 09-Aug-2016 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. 1203.00 and Rs. 1146.80 respectively. The current market cap of the company is Rs. 72507.56 crore.

The promoters holding in the company stood at 26.80%, while Institutions and Non-Institutions held 57.67% and 15.53% respectively.

Mahindra & Mahindra (M&M) plans to increase prices of its vehicles by up to Rs 26,500 from January as it looks to partially offset rising input costs. The input costs have been soaring due to escalation of prices of various materials including precious metals.

The company plan to increase prices of passenger and commercial vehicles in the range of 0.5 to 1.1 percent from next month. The ex-showroom prices of its small commercial vehicles (up to 3.5 tonnes) would increase in the range of Rs 1,500 to Rs 6,000 from January.

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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