M&M gains as its arm signs contract with Ministry of Defence

Mahindra & Mahindra Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500520 | NSE: M&M

04 Jun 2021 Evaluate

Mahindra & Mahindra is currently trading at Rs. 807.00, up by 4.90 points or 0.61% from its previous closing of Rs. 802.10 on the BSE.

The scrip opened at Rs. 813.00 and has touched a high and low of Rs. 813.75 and Rs. 805.00 respectively. So far 206951 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 952.15 on 08-Feb-2021 and a 52 week low of Rs. 457.00 on 12-Jun-2020.

Last one week high and low of the scrip stood at Rs. 829.50 and Rs. 790.00 respectively. The current market cap of the company is Rs. 100325.64 crore.

The promoters holding in the company stood at 19.45%, while Institutions and Non-Institutions held 66.52% and 14.03% respectively.

Ministry of Defence has signed a contract with Mahindra Telephonics Integrated Systems, a subsidiary of Mahindra & Mahindra (M&M) for procurement of 11 Airport Surveillance Radars with Monopulse Secondary Surveillance Radar for Indian Navy and Indian Coast Guard on June 03, 2021.

The procurement, at a cost of Rs 323.47 crore, will be made under the ‘Buy & Make’ category. The installation of these radars will increase the air domain awareness around airfields and enhance safety & efficiency in flying operations of Indian Navy and Indian Coast Guard. The signing of this contract is an achievement of the Government towards ‘AtmaNirbhar Bharat Abhiyan’ and the objectives envisaged in the programme. This would enable absorption of technology, skill development and indigenous manufacture, boosting employment opportunities.

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

3244.65 -84.85 (-2.55%)

11-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	346.10
Maruti Suzuki	13482.30
Mahindra & Mahindra	3244.65
Hyundai Motor India	1907.10
Mercury Metals	30.92
View more..

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