Mahindra & Mahindra (M&M) is currently trading at Rs 721.00, up by 7.60 points or 1.07% from its previous closing of Rs 713.40 on the BSE.
The scrip opened at Rs 707.00 and has touched a high and low of Rs 723.30 and Rs 704.90 respectively. So far 40458 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 874.75 on 28-Oct-2011 and a 52 week low of Rs 585.10 on 28-Feb-2011.
Last one week high and low of the scrip stood at Rs 744.35 and Rs 681.70 respectively. The current market cap of the company is Rs 43800.97 crore.
The promoters holding in the company stood at 25.18% while Institutions and Non-Institutions held 47.03% and 21.28% respectively.
M&M is eyeing an acquisition opportunities in the farm equipment segment in South Korea. The company currently sells the tractor in the US under the Mahindra brand and these tractors are sourced from South Korean tractor manufacturer, Tong Yang Moolsan Company. The company is also planning at sourcing other farm equipment products from South Korea to sell in other markets as well.
Recently, M&M and Telephonics Corporation, a subsidiary of Griffon Corporation had signed a memorandum of understanding to form a joint venture to provide the Indian Ministry of Defence (MOD) and the Indian civil sector with radar and surveillance systems, Identification Friend or Foe (IFF) devices and communication systems.
The company’s net profit after tax for the quarter has marginally declined by 2.78% of Rs 737.38 crore as compared to Rs 758.49 crore for September quarter of the year 2010. The company’s total income has increased by 34.75% at Rs 7592.14 crore for Q2FY12 as compared to Rs 5634.13 crore for the corresponding quarter of the previous year.
| 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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