Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is currently trading at Rs. 687.00, up by 0.25 points or 0.04% from its previous closing of Rs. 686.75 on the BSE.

The scrip opened at Rs. 684.00 and has touched a high and low of Rs. 693.90 and Rs. 682.50 respectively. So far 51930 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 874.75 on 28-Oct-2011 and a 52 week low of Rs. 585.10 on 28-Feb-2011.

Last one week high and low of the scrip stood at Rs. 723.85 and Rs. 672.25 respectively. The current market cap of the company is Rs. 42266.03 crore.

The promoters holding in the company stood at 25.34% while Institutions and Non-Institutions held 46.61% and 22.30% respectively. 

Auto major, Mahindra & Mahindra (M&M) is all set to introduce a smaller version of its multi-purpose vehicle Xylo by Diwali this year as it aims to expand its customer base in the country. The company, which has introduced an advanced version of the Xylo at Rs 7.37 lakh-Rs 10.25 lakh (ex-showroom, Delhi) is hoping to create a new segment for the proposed low-priced MPV.

The price of the top-end variant of the compact Xylo may overlap with the base-price of the existing version. The company has been reported to start the trial production of the vehicle, which is estimated to carry a starting price tag of around Rs 5 lakh.

The company is witnessing sales of around 2,500 units of the Xylo a month. In 2010-11, it had sold a total of 30,000 units of the MPV. Launched in 2009, the company has sold 90,000 units so far in the Indian market.