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M&M rises as its business unit inaugurates largest store in New Delhi

28 Jun 2012 Evaluate

M&M is currently trading at Rs. 700.00, up by 7.85 points or 1.13% from its previous closing of Rs. 692.15 on the BSE.

The scrip opened at Rs. 694.25 and has touched a high and low of Rs. 700.00 and Rs. 694.10 respectively. So far 12,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 874.75 on 28-Oct-2011 and a 52 week low of Rs. 621.75 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 707.30 and Rs. 685.40 respectively. The current market cap of the company is Rs. 42,978 crore.

The promoters holding in the company stood at 25.26% while Institutions and Non-Institutions held 47.21% and 21.95% respectively.

Mahindra & Mahindra’s (M&M) - business unit - Mahindra First Choice Wheels (MFCWL), India’s No. 1 multi-brand pre-owned car company has inaugurated its largest store in New Delhi spread across 15,000 square feet. The showroom has a display capacity of more than 50 cars and will offer a range of services for customers including purchase and sale of pre-owned cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation.

Currently, MFCWL has 161 outlets in over 100 towns across the country. The company aims to expand this number to 500 outlets in the next three years.

Mahindra & Mahindra is the flagship company of the Mahindra Group. The company’s core automotive and farm equipment businesses have grown into market leaders whose triple bottom line ethic is driving industry trends towards technological innovation, social responsibility, and constantly improving customer satisfaction.    

Mahindra & Mahindra Share Price

3247.05 27.50 (0.85%)
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