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M&M gains on subsidiary's plans of setting up executive bike segment

28 May 2013 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs. 952.00, up by 0.15 points or 0.02 % from its previous closing of Rs. 951.85 on the BSE.

The scrip opened at Rs. 955.00 and has touched a high and low of Rs. 955.00 and Rs. 933.60 respectively. So far 83124 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1026.45 on 20-May-2013 and a 52 week low of Rs. 636.20 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1005.00 and Rs. 943.00 respectively. The current market cap of the company is Rs. 57563.77 crore.

The promoters holding in the company stood at 25.18% while Institutions and Non-Institutions held 50.55% and 18.90% respectively.

Mahindra & Mahindra’s (M&M) - two wheeler arm - Mahindra Two-Wheelers is likely to target rural markets in order to tap the potential for executive motorcycles. It will leverage its big presence in the rural market with its farm equipment division including tractors, for marketing executive bikes. The company will offer a wider range of bikes for consumers to select from. The entity has decided to introduce Centuro bike in the second quarter of this financial year.

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

3329.50 -41.00 (-1.22%)
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