M&M spurts on reporting strong Q1 numbers

Mahindra & Mahindra (M&M) is currently trading at Rs 722.20, up by 26.70 points or 3.84% from its previous closing of Rs 695.50 on the BSE.

The scrip opened at Rs. 700.00 and has touched a high and low of Rs 725.20 and Rs 699.90 respectively. So far 240416 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 874.75 on 28-Oct-2011 and a 52 week low of Rs 621.75 on 18-May-2012.

Last one week high and low of the scrip stood at Rs 728.25 and Rs 681.55 respectively. The current market cap of the company is Rs 43709.29 crore.

The promoters holding in the company stood at 25.45% while Institutions and Non-Institutions held 47.55% and 21.26% respectively.

M&M has reported a rise of 19.96% in its net profit at Rs 725.64 crore for the quarter, as compared to Rs 604.88 crore for the same quarter in the previous year. Total income of the company has increased by 39% to Rs 9427.24 crore for the quarter under review as compared to Rs 6782.12 crore for the quarter ended June 30, 2011.

M&M operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.