M&M surges on selling 58,689 Two Wheelers in H1FY13

Mahindra & Mahindra (M&M) is currently trading at Rs. 870.00, up by 10.95 points or 1.27% from its previous closing of Rs. 859.05 on the BSE.

The scrip opened at Rs. 861.00 and has touched a high and low of Rs. 878.50 and Rs. 861.00 respectively. So far 48228 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 878.50 on 05-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. 878.50 and Rs. 855.00 respectively. The current market cap of the company is Rs. 53367.21 crore.

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

Mahindra Two Wheelers, a part of the $15.4-billion Mahindra Group, has sold 58,689 vehicles on cumulative basis between April and September 2012. Meanwhile, the two-wheeler maker’s standalone sales in September touched 8,122 units. Mahindra has a range of two-wheelers comprising 125cc scooters, Duro DZ, Rodeo RZ and the Flyte.

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, 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.