Mahindra & Mahindra Ltd.

Mahindra & Mahindra is currently trading at Rs. 1062.80, up by 3.45 points or 0.33% from its previous closing of Rs. 1059.35 on the BSE.

The scrip opened at Rs. 1060.00 and has touched a high and low of Rs. 1067.50 and Rs. 1057.55 respectively. So far 6,383 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1091.00 on 30-Apr-2014 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. 1091.00 and Rs. 1046.10 respectively. The current market cap of the company is Rs. 65,420.00 crore.

The promoters holding in the company stood at 25.29% while Institutions and Non-Institutions held 52.80% and 16.92% respectively.

Mahindra & Mahindra’s (M&M) business unit - Mahindra First Choice Services (MFCS) multi-brand certified used car company, has expanded its footprint in Western India with the inauguration of its 93rd authorized dealership, SKM Automotive, in Maharashtra. The dealership is located at Dhanegaon, Nanded and is spread over 5,000 square feet.

The company now has 355 outlets across India and it is rapidly growing footprint in Maharashtra with 54 dealerships in 20 cities and it plans to expand this number to 61 outlets by year end.

Mahindra First Choice Wheels (MFCWL) is the country’s preferred used car mart and is India’s number one multi-brand certified used car player. The company plans to expand this number to 600 outlets over the next two years.