Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is currently trading at Rs. 635.90, up by 0.80 points or 0.13% from its previous closing of Rs. 635.10 on the BSE.

The scrip opened at Rs. 634.00 and has touched a high and low of Rs. 638.35 and Rs. 630.20 respectively. So far 18099 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 992.00 on 30-Aug-2018 and a 52 week low of Rs. 598.00 on 16-May-2019.

Last one week high and low of the scrip stood at Rs. 675.00 and Rs. 625.20 respectively. The current market cap of the company is Rs. 79316.76 crore.

The promoters holding in the company stood at 21.51%, while Institutions and Non-Institutions held 54.93% and 23.56% respectively.

Mahindra & Mahindra (M&M) is revving up globalisation of its farm equipment sector (FES), targeting 50 per cent of overall revenue of the vertical to come from international markets over the next three years. The company is focusing on three key markets - Americas, including the US, Canada, Mexico and Brazil; Japan and Turkey to be the primary growth drivers.

The company is eyeing revenues from Americas to touch $1 billion in the next three years, up from $600 million at present, while it is also aspiring for business in Japan to touch $1 billion over a period of time as compared to $450 million currently. The FES of the company had clocked revenue of $3.4 billion in 2017-18.

The company is also charting out strategy to re-enter China in the implements segment after exiting from an earlier joint venture for tractors.

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.