Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is currently trading at Rs. 1221.70, up by 29.70 points or 2.49% from its previous closing of Rs. 1192.00 on the BSE.

The scrip opened at Rs. 1200.00 and has touched a high and low of Rs. 1227.95 and Rs. 1178.75 respectively. So far 104169 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1421.00 on 04-Sep-2014 and a 52 week low of Rs. 887.15 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 1227.95 and Rs. 1106.00 respectively. The current market cap of the company is Rs. 75959.60 crore.

The promoters holding in the company stood at 25.74% while Institutions and Non-Institutions held 56.26% and 12.58% respectively.

M&M is planning to invest Rs 4,000 crore over seven years for setting up a manufacturing plant in Tamil Nadu. In this regard, the memorandum of understanding (MoU) will be signed during the Global Investors Meet.

In the first phase, the company will set up the test track facility, while second will be an automotive plant. Meanwhile, the state government has agreed to provide 255 acres of land at Kancheepuram district.

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.