Mahindra & Mahindra Ltd.

Mahindra & Mahindra is currently trading at Rs. 1204.30, up by 22.95 points or 1.94% from its previous closing of Rs. 1181.35 on the BSE.

The scrip opened at Rs. 1182.50 and has touched a high and low of Rs. 1207.75 and Rs. 1182.50 respectively. So far 7,585 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. 1061.00 on 09-May-2014.

Last one week high and low of the scrip stood at Rs. 1209.95 and Rs. 1145.45 respectively. The current market cap of the company is Rs. 74,798.00 crore.

The promoters holding in the company stood at 25.65% while Institutions and Non-Institutions held 56.08% and 12.89% respectively.

Mahindra & Mahindra’s (M&M) business unit - Mahindra First Choice Wheels Services (MFCWL), a multi-brand car workshop company, has inaugurated its first outlet in Ara in state of Bihar. The new outlet, Jaisrimannarayan Udyog is spread across 8,050 square feet and is located at Main Ara Buxar Road, Chandwa, near Surya Mandir.

The company’s footprint in the East currently encompasses 42 dealerships and it further plans to expand this number to 60 outlets by year end. Key focus areas include Katihar, Saupal, Farbisgunj, Gaya, Kishangunj etc.

Mahindra First Choice Wheels has a network of 500 outlets spread across 275 locations in the country which includes metros, mini metros and smaller towns. The company is growing at a rapid pace with a CAGR of 35% by volumes over the last 5 years. The cumulative retail footprint under the Mahindra First Choice brand is in excess of 8.5 lakh square feet.