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M&M slips on reporting 21% drop in December production

05 Jan 2017 Evaluate

Mahindra & Mahindra is currently trading at Rs. 1214.40, down by 6.75 points or 0.55% from its previous closing of Rs. 1221.15 on the BSE.

The scrip opened at Rs. 1226.00 and has touched a high and low of Rs. 1235.00 and Rs. 1209.60 respectively. So far 8480 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. 1,235.00 and Rs. 1,171.10 respectively. The current market cap of the company is Rs. 76100.80 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), India’s leading SUV manufacturer, has reported 20.86% fall in its production to 32355 units in December 2016 as compared to 40885 units in same month last year. The company also reported 4% decline in total sales at 36,363 units in December 2016 as compared to 37,915 vehicles during December 2015. Exports for December 2016 stood at 2,053 vehicles.

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

3224.65 25.30 (0.79%)
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