M&M is currently trading at Rs. 798.10, up by 21.20 points or 2.73% from its previous closing of Rs. 776.90 on the BSE.
The scrip opened at Rs. 780.50 and has touched a high and low of Rs. 803.20 and Rs. 766.85 respectively. So far 86,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1026.45 on 20-May-2013 and a 52 week low of Rs. 741.20 on 05-Sep-2012.
Last one week high and low of the scrip stood at Rs. 822.00 and Rs. 741.50 respectively. The current market cap of the company is Rs. 49,154 crore.
The promoters holding in the company stood at 25.35% while Institutions and Non-Institutions held 51.19% and 18.23% respectively.
Mahindra & Mahindra’s (M&M) - two wheeler arm - Mahindra Two Wheelers has received encouraging response from customers for its 110cc ‘Centuro’ motorcycle. The company received over 30,000 bookings since its launch last month. The company is ramping up capacity both at its plant as well as across vendors and logistics to meet the growing demand for products. The company is in the process of ramping up production at its Pithampur plant in Madhya Pradesh.
The auto firm is also expanding capacity through the supply chain in line with the growing demand. The waiting period for the Centuro currently stands at 3-4 weeks. The company has one million per annum capacity at the plant near Indore, which produces both scooters and bikes. But capacity utilization is much below the installed capacity.
Designed entirely at the company’s R&D centre in Pune, the Centuro was launched on July 1. Powered by the company’s indigenously developed intelligent MCi-5 engine, Centuro comes with a range of features such as an anti-theft alarm with engine immobiliser and an encrypted remote flip key. The firm also offers a maintenance-free battery and is backed by a five-year warranty.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 341.60 |
| Maruti Suzuki | 13312.85 |
| Mahindra & Mahindra | 3096.90 |
| Hyundai Motor India | 1818.80 |
| Mercury Metals | 31.41 |
| View more.. | |
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