Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3128.35
44.85 (1.45%)
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M&M rises on the buzz of plan to launch its e2o in United Kingdom

Date: 21-03-2016

Mahindra & Mahindra (M&M) is currently trading at Rs. 1228.90, up by 6.70 points or 0.55% from its previous closing of Rs. 1222.20 on the BSE.

The scrip opened at Rs. 1222.55 and has touched a high and low of Rs. 1230.00 and Rs. 1218.00 respectively. So far 4265 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. 1235.90 and Rs. 1184.00 respectively. The current market cap of the company is Rs. 75866.43 crore.

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

M&M, India’s leading SUV manufacturer, is reportedly planning to launch its electric model e2o in the United Kingdom (U.K.) in April with a price tag of under £13,000. The e2o, a two-seater car that can carry four people, is manufactured at the company's Bangalore, Karnataka plant. 

Mahindra Reva e2o 2-door version is powered by an electric motor that is driven by 48-volt lithium-ion batteries, which can generate 19k of power at 3,750rpm and 53.9Nm of torque at 0-3,000rpm.

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.