Mahindra & Mahindra Ltd.

Mahindra & Mahindra is currently trading at Rs. 785.70, up by 1.90 points or 0.24% from its previous closing of Rs. 783.80 on the BSE.

The scrip opened at Rs. 786.00 and has touched a high and low of Rs. 789.40 and Rs. 782.20 respectively. So far 14,000 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. 790.00 and Rs. 760.00 respectively. The current market cap of the company is Rs. 48,240 crore.

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

Mahindra & Mahindra (M&M) Groups - Mahindra Reva Electric Vehicles has inaugurated its manufacturing facility in Bangalore which is claimed to be the first platinum rated automobile facility in India. The company has made investment of over Rs 100 crore in plant and product.

In the next three years, the new plant would churn out 30,000 Mahindra Reva electric cars. Besides, the company plans to launch EV 'NXR' by Diwali this year and in the first year, it is planning to sell 6,000 of the new model of EV 'NXR’.

Owing to expense of imported lithium-ion batteries, the costs of Electric car are more than diesel or gasoline vehicles due to which it has got limited market in India. However, the cost per kilometre of Mahindra Reva is much lower at 50 to 60 paise per km which is up to 10 times lower compared to petrol cars.

Mahindra Reva was formed after Mahindra and Mahindra, purchased in May 2010 a controlling stake in the Maini-founded Reva Electric Car Company.