Mahindra & Mahindra Ltd.

Mahindra & Mahindra is currently trading at Rs 1229.10, up by 3.05 points or 0.25% from its previous closing of Rs. 1226.05 on the BSE.

The scrip opened at Rs. 1226.00 and has touched a high and low of Rs. 1232.50 and Rs. 1215.50 respectively. So far 13749 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. 1247.00 and Rs. 1212.10 respectively. The current market cap of the company is Rs. 76149.03 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’s (M&M) wholly-owned subsidiary - Mahindra Holdings (MHL), has increased its stake in the equity share capital of Gateway Housing Company (Gateway), from 50% to 100% on March 10, 2016. Consequent to said acquisition, Gateway has become a wholly owned subsidiary of MHL and in turn a step-down subsidiary of the company with effect from March 10, 2016.

Gateway is engaged as aggregators of goods and providing all types of mobility, advertising and transportation related services for all types of goods and materials and digital or logistic solutions. It is presently not carrying on any business activities.

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.