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M&M shines as its farm equipment sector reports growth of 15% in December

02 Jan 2014 Evaluate

M&M is currently trading at Rs. 956.40, up by 8.80 points or 0.90% from its previous closing of Rs. 947.60 on the BSE.

The scrip opened at Rs. 947.00 and has touched a high and low of Rs. 958.75 and Rs. 943.35 respectively. So far 18,000 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. 972.50 and Rs. 940.00 respectively. The current market cap of the company is Rs. 58,903 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’s (M&M) Farm Equipment Sector (FES), a part of the $16.2 billion Mahindra Group, has reported 15% growth in December 2013. Total tractor sales (domestic plus exports) in December 2013 stood at 17,037 units, as against 14,759 units for the same month last year.

The sales stood at 16,257 units in the domestic markets, as against 13,712 units in December 2012, a growth of 19%. However, exports declined by 26% to 780 units as compared to 1,047 units in same month last year.

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

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