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M&M inches up on registering 19% rise in July auto sales numbers

01 Aug 2012 Evaluate

M&M is currently trading at Rs. 701.75, up by 1.30 points or 0.19% from its previous closing of Rs. 700.45 on the BSE.

The scrip opened at Rs. 703.00 and has touched a high and low of Rs. 709.00 and Rs. 695.00 respectively. So far 1,06,000 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. 711.55 and Rs. 678.75 respectively. The current market cap of the company is Rs. 43,086.00 crore.

The promoters holding in the company stood at 25.45% while Institutions and Non-Institutions held 47.55% and 21.26% respectively.

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer has registered 19% jump in its July auto sales numbers, which stood at 47059 units during July 2012 as against 39633 units during July 2011.

The company’s domestic sales stood at 42799 units during July 2012, up by 15% as against 37323 units during July 2011. The Passenger Vehicles segment (which includes the UVs and Verito) has registered a growth of 27%, having sold 22011 units in July 2012, as against 17312 units during July 2011.

M&M operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.

Mahindra & Mahindra Share Price

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