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M&M spurts despite reporting 5% fall in October auto sales

01 Nov 2013 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs. 919.05, up by 30.70 points or 3.46 % from its previous closing of Rs. 888.35 on the BSE.

The scrip opened at Rs. 888.00 and has touched a high and low of Rs. 919.45 and Rs. 881.00 respectively. So far 206556 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. 908.00 and Rs. 856.50 respectively. The current market cap of the company is Rs. 56409.58 crore.The promoters holding in the company stood at 25.26 % while Institutions and Non-Institutions held 52.43% and 17.34% respectively.

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has reported 5.39% fall in its auto sales numbers for October 2013, which stood at 50,558 units as against 53,439 units during October 2012.

The Passenger Vehicles segment, which includes the UVs and Verito sold 22924 units in October 2013, down by 14.88% as against 26932 units during October 2012. The company’s domestic sales stood at 47787 units during October 2013, as against 51316 units during October 2012, down by 6.88%.

Besides, the 4 wheeler commercial segment which includes passenger and load vehicles sold 17362 units as compared to 16561 units sold in same month previous year, while the 3 wheeler segment clocked 6999 units in October 2013 as against 6973 unit in October 2012. Exports for the month of October 2013 stood at 2771 units as against 2122 unit sold in October 2012.

Mahindra & Mahindra Share Price

3199.35 -22.00 (-0.68%)
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