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M&M inches up on its FES launching Novo 65 HP, 75 HP tractors

27 Apr 2018 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs. 860.90, up by 1.25 points or 0.15% from its previous closing of Rs. 859.65 on the BSE.

The scrip opened at Rs. 860.00 and has touched a high and low of Rs. 866.85 and Rs. 852.00 respectively. So far 47957 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 867.50 on 26-Apr-2018 and a 52 week low of Rs. 612.50 on 27-Sep-2017.

Last one week high and low of the scrip stood at Rs. 867.50 and Rs. 800.55 respectively. The current market cap of the company is Rs. 107038.88 crore.

The promoters holding in the company stood at 21.71%, while Institutions and Non-Institutions held 54.93% and 23.20% respectively.

Mahindra & Mahindra’s Farm Equipment Sector (FES) has launched Novo 65 HP and 75 HP tractors. This range of Mahindra Novo tractors is technologically most advanced and stylishly designed. The range is priced attractively, starting at Rs 9.99 lakh for 65 HP 2WD (655 DI) going up to Rs 12.5 lakh for 75 HP 4WD (755 DI) variant, ex-showroom Maharashtra.

Mahindra Novo range of tractors is designed for evolved farmers in India. It is offered in both 2WD & 4WD versions in open station design. This next generation tractor range is designed and developed in-house at Mahindra Research Valley, the company’s global research and development facility in Chennai. With new benchmarks in technology, comfort and ergonomics, Mahindra Novo is all set to change farming practices and improve productivity & performance and thus the output, leading to Farm Tech Prosperity.

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

3167.80 -31.55 (-0.99%)
20-Apr-2026 09:44 View Price Chart
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