Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is currently trading at Rs. 723.35, up by 14.90 points or 2.10% from its previous closing of Rs. 708.45 on the BSE.

The scrip opened at Rs. 706.80 and has touched a high and low of Rs. 724.45 and Rs. 700.15 respectively. So far 73811 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 802.80 on 01-Feb-2018 and a 52 week low of Rs. 612.50 on 27-Sep-2017.

Last one week high and low of the scrip stood at Rs. 752.50 and Rs. 700.15 respectively. The current market cap of the company is Rs. 88608.55 crore.

The promoters holding in the company stood at 21.61%, while Institutions and Non-Institutions held 54.09% and 24.13% respectively.

Mahindra & Mahindra (M&M) has signed a Share Subscription & Shareholders Agreement and a Share Purchase Agreement for acquisition of up to 1,296 equity shares and subscribing up to 6,074 Compulsory Convertible Cumulative Preference Shares which on an as-converted to Equity Share basis, would result in the company holding in aggregate 22.9% of the equity share capital of Carnot Technologies, on a fully diluted basis.

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.