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M&M gains after introducing new affordable finance schemes for customers

30 Jul 2020 Evaluate
Mahindra & Mahindra is currently trading at Rs. 607.20, up by 2.60 points or 0.43% from its previous closing of Rs. 604.60 on the BSE.

The scrip opened at Rs. 608.00 and has touched a high and low of Rs. 611.15 and Rs. 599.70 respectively. So far 56472 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 624.90 on 28-Jul-2020 and a 52 week low of Rs. 245.80 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 624.90 and Rs. 588.15 respectively. The current market cap of the company is Rs. 75122.75 crore.

The promoters holding in the company stood at 19.60%, while Institutions and Non-Institutions held 63.95% and 16.20% respectively.

Mahindra & Mahindra (M&M) has introduced new affordable finance schemes for its customers for all its vehicles, which includes EMI starting as low as Rs 899 per lakh for personal utility vehicles (UVs). The company has included up to 10 percent of ex-showroom price funding options for accessories for personal UVs and first nine months EMI will be 50 percent lower than regular EMIs for personal UVs.

The scheme also includes an option for first six months EMI to be lower by 76 percent from regular EMIs for personal UVs, and up to seven years funding for Bolero Pickup and Bolero Maxi Truck. Along with finance option for accessories, the company has also focused on all customer profiles including salaried and self-employed individuals, agriculturist and commercial vehicle owners to offer innovative and exciting schemes for its entire range of vehicles.

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

3199.35 -22.00 (-0.68%)
17-Apr-2026 16:59 View Price Chart
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