M&M strengthens on entering into three and a half years wage settlement pact with workers

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

21 Oct 2013 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs. 886.20, up by 7.85 points or 0.89% from its previous closing of Rs. 878.35 on the BSE.

The scrip opened at Rs. 878.00 and has touched a high and low of Rs. 894.00 and Rs. 875.00 respectively. So far 44016 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. 741.50 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 887.00 and Rs. 860.00 respectively. The current market cap of the company is Rs. 54758.99 crore.

The promoters holding in the company stood at 25.35% while Institutions and Non-Institutions held 51.19% and 18.23% respectively.

M&M has entered into three and a half years wage settlement pact with workers. The agreement signed with workers in Nashik and Igatpuri plant and the total wage hike will be in range of Rs 9,000 per month. The wage pact is termed to apply to over 3,500 workers.

The strike at the company’s Nashik plant has been witnessed earlier this year. M&M Nashik unit produce bolero, Xylo and Scorpio, while Igatpuri unit produces Engines.

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%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	355.35
Maruti Suzuki	13725.40
Mahindra & Mahindra	3329.50
Hyundai Motor India	1852.45
Mercury Metals	30.94
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