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M&M catches speed on entering into strategic partnership with Renesas

01 Dec 2017 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs. 1417.00, up by 6.50 points or 0.46% from its previous closing of Rs. 1410.50 on the BSE.

The scrip opened at Rs. 1411.20 and has touched a high and low of Rs. 1420.00 and Rs. 1411.20 respectively. So far 8401 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1459.50 on 12-Jun-2017 and a 52 week low of Rs. 1141.80 on 02-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1444.45 and Rs. 1404.00 respectively. The current market cap of the company is Rs. 88027.36 crore.

The promoters holding in the company stood at 26.69%, while institutions and non-institutions held 57.20% and 16.11% respectively.

M&M has entered into a strategic partnership with Renesas, a supplier of advanced semiconductor solutions, under which the latter will become the official technology partner for its Formula E team while also working together on electric racing and road cars.

Through this partnership, both the companies will leverage their mutual strengths to expand the development and manufacturing of electric vehicles (EVs), powertrain, advanced driver assistance systems, and other systems in India and other emerging markets.

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

3137.90 -35.35 (-1.11%)
03-Jul-2026 16:59 View Price Chart
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