Mahindra & Mahindra trades higher on the bourses

Mahindra & Mahindra is currently trading at Rs. 1233.70, up by 23.05 points or 1.90% from its previous closing of Rs. 1210.65 on the BSE.

The scrip opened at Rs. 1209.85 and has touched a high and low of Rs. 1245.00 and Rs. 1203.65 respectively. So far 40777 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1441.45 on 07-Aug-2015 and a 52 week low of Rs. 1092.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1234.40 and Rs. 1092.00 respectively. The current market cap of the company is Rs. 76704.91 crore.

The promoters holding in the company stood at 27.11%, while Institutions and Non-Institutions held 59.22% and 13.68% respectively.

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has crossed 21,000 bookings in just a month post launch of its young SUV, ‘KUV100’. The KUV100 has received a phenomenal 1.75 lakh enquiries and more than 2.7 million visits on its website since its launch in January 2016.

Conceptualized and developed with the aim of creating a new category with the SUV proposition at an attractive price point, the KUV100 has appealed significantly amongst youth and first time car buyers. Mahindra’s ground up petrol engine mFALCON G80 and diesel engine mFALCON, D75 have also been well received by customers, and almost half the bookings have been received for the petrol variant.

Mahindra & Mahindra (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.