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M&M rises on entering into agreement with OBC to provide vehicle financing

21 Aug 2012 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs. 777.45, up by 10.35 points or 1.35% from its previous closing of Rs. 767.10 on the BSE.

The scrip opened at Rs. 770.10 and has touched a high and low of Rs. 780.45 and Rs. 767.00 respectively. So far 30,000 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. 780.45 and Rs. 730.55 respectively. The current market cap of the company is Rs. 47,733.00 crore.

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

India’s leading SUV manufacturer, Mahindra & Mahindra, has entered into a tie-up with Oriental Bank of Commerce (OBC), to provide vehicle financing to its customers. Under the agreement, the auto maker’s customer can avail vehicle finance services from any of the bank’s branches across the country.

Both the company and bank will be benefitted by this tie-up as they can inherent strengths of each other's vast network of over 250 dealer outlets and 1,808 branches across India.

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%)
21-Apr-2026 16:59 View Price Chart
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