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M&M soars as SUV ‘Quanto’ secures 5,000 bookings

12 Oct 2012 Evaluate

M&M is currently trading at Rs. 859.50, up by 8.45 points or 0.99% from its previous closing of Rs. 851.05 on the BSE.

The scrip opened at Rs. 850.00 and has touched a high and low of Rs. 861.90 and Rs. 850.00 respectively. So far 23,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 878.50 on 05-Oct-2012 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. 875.35 and Rs. 842.70 respectively. The current market cap of the company is Rs. 52,771 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), country’s leading sport utility vehicle (SUV) manufacturer, has recorded booking of 5,000 units of compact sports utility vehicle ‘Quanto’ which was launched three weeks ago with an aim to target the prospective hatchback customers.

The SUV segment is growing at the rate of over 20% and Quanto is riding the growing demand of the same. It is priced aggressively between Rs 5.8 to Rs 8 lakh. The Quanto is designed and developed completely in-house by the company on the Ingenio platform, and is powered by a 1.5-litre mCR100 engine that puts out 100bhp.

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

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