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M&M gains on the buzz of its plans of setting up an automotive and testing facility in Tamil Nadu

09 Dec 2013 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs. 957.65, up by 11.90 points or 1.26 % from its previous closing of Rs. 945.75 on the BSE.

The scrip opened at Rs. 960.00 and has touched a high and low of Rs. 966.00 and Rs. 953.20 respectively. So far 12936 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. 961.00 and Rs. 932.35 respectively. The current market cap of the company is Rs. 58823.88 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) is reportedly planning to invest around Rs 2,000 crore to set up an automotive and testing facility in Tamil Nadu. In this regard, the company is likely to ink Memorandum of Understanding (MoU) with Tamil Nadu government.

The automotive and testing facility will spread over in around 400 acres at Cheyyar in southern Tamil Nadu.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

Mahindra & Mahindra Share Price

3199.35 -22.00 (-0.68%)
17-Apr-2026 16:59 View Price Chart
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