Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is currently trading at Rs. 1481.00, up by 49.30 points or 3.44% from its previous closing of Rs. 1431.70 on the BSE.

The scrip opened at Rs. 1440.15 and has touched a high and low of Rs. 1483.50 and Rs. 1439.00 respectively. So far 91758 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1483.50 on 15-Dec-2017 and a 52 week low of Rs. 1142.05 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1483.50 and Rs. 1379.75 respectively. The current market cap of the company is Rs. 91281.41 crore.

The promoters holding in the company stood at 26.69%, while institutions and non-institutions held 57.20% and 16.11% respectively.

M&M is planning to increase prices of its passenger and commercial vehicles by up to 3%. This will be effective from January 1, 2018. The company has been holding back on price hikes and absorbing the higher input costs for a while, but with the increase in commodity prices it will have to take a price increase.

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.