M&M rises on reporting 6% growth in total auto sales in December

03 Jan 2024 Evaluate

Mahindra & Mahindra is currently trading at Rs. 1661.15, up by 4.85 points or 0.29% from its previous closing of Rs. 1656.30 on the BSE.

The scrip opened at Rs. 1670.05 and has touched a high and low of Rs. 1676.00 and Rs. 1648.35 respectively. So far 39883 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1758.00 on 29-Dec-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1758.00 and Rs. 1648.35 respectively. The current market cap of the company is Rs. 205188.47 crore.

The promoters holding in the company stood at 19.34%, while Institutions and Non-Institutions held 67.12% and 13.54% respectively.

Mahindra & Mahindra (M&M) has reported a 6 per cent growth in total automotive sales at 60,188 units in December 2023, as compared to the same month a year ago. Passenger vehicles sales last month stood at 35,174 units, as against 28,445 units in December 2022, up 24 per cent.

Sales of utility vehicles also grew by 24 per cent at 35,171 units in December 2023, as against 28,333 units in the corresponding month a year ago. Total automotive exports were down 41 per cent at 1,819 units last month, as compared to 3,100 units in December 2022.

Mahindra & Mahindra (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

2514.45 141.60 (5.97%)
17-May-2024 16:01 View Price Chart
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