Mahindra & Mahindra Ltd.

Mahindra & Mahindra is currently trading at Rs 1254.00, up by 5.15 points or 0.41% from its previous closing of Rs. 1248.85 on the BSE.

The scrip opened at Rs. 1263.00 and has touched a high and low of Rs. 1268.25 and Rs. 1252.20 respectively. So far 11794 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. 1106.00 on 10-Feb-2015.

Last one week high and low of the scrip stood at Rs. 1333.00 and Rs. 1246.00 respectively. The current market cap of the company is Rs. 78133.42 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 (M&M) is seeking shareholders’ approval to raise up to Rs 5,000 crore through issue of securities on private placement basis at the upcoming annual general meeting. Mumbai-based company intends to use the funds to augment resources for the ongoing capital expenditure, long-term working capital/short term working capital and for general corporate purposes.

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.