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M&M rises as its research wing plan to develop four new platforms for automotive business

18 Dec 2013 Evaluate

Mahindra & Mahindra is currently trading at Rs. 937.00, up by 5.30 points or 0.57% from its previous closing of Rs. 931.70 on the BSE.

The scrip opened at Rs. 931.90 and has touched a high and low of Rs. 941.15 and Rs. 927.00 respectively. So far 8827 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. 958.85 and Rs. 925.10 respectively. The current market cap of the company is Rs. 57844.61 crore.

The promoters holding in the company stood at 25.26% while Institutions and Non-Institutions held 52.43% and 17.34% respectively.

Mahindra Research Valley (MRV), Chennai, the key research wing of Mahindra & Mahindra (M&M), is planning to roll out four new platforms for the group’s automotive business. The platforms are for small commercial, utility, special utility and light commercial vehicles.

Some of the successful products which were developed at MRV include Mahindra XUV 500, Quanto and Verito. The tractor segment includes Arjun 605 inline pump and Mahindra 5530.

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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