Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is currently trading at Rs 870.00, up by 6.55 points or 0.76% from its previous closing of Rs 863.45 on the BSE.

The scrip opened at Rs 865.00 and has touched a high and low of Rs 875.90 and Rs 865.00 respectively. So far 64231 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a new 52 week high of Rs 875.90 on 3-Oct-2012 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 875.90 and Rs 839.00 respectively. The current market cap of the company is Rs. 53299.67 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, country’s leading sport utility vehicle (SUV) manufacturer, is likely to increase prices of its various models by 0.50-1.5% in order to outset the impact of input costs on the profitability. In the recent past, the company has seen almost 2% increases in the input costs, primarily steel. 

The company has reported 9.53% rise in September auto sales at 48,342 units as compared to 44,137 units in September 2011. The half-yearly consolidated auto sales numbers for the period April to September 2012 stood at 2,67,266 units, up by 20% over the corresponding period of the last fiscal. The company’s passenger vehicles have registered a growth of 22% at 23,808 units.