Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3159.35
0.00 (0.00%)
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Mahindra & Mahindra soars as its Thar crosses 9,000 bookings

Date: 06-10-2020

Mahindra & Mahindra is currently trading at Rs. 629.75, up by 22.75 points or 3.75% from its previous closing of Rs. 607.00 on the BSE.

The scrip opened at Rs. 610.10 and has touched a high and low of Rs. 631.40 and Rs. 608.90 respectively. So far 139087 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 666.35 on 21-Sep-2020 and a 52 week low of Rs. 245.80 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 631.40 and Rs. 597.35 respectively. The current market cap of the company is Rs. 77382.52 crore.

The promoters holding in the company stood at 19.60%, while Institutions and Non-Institutions held 63.95% and 16.20% respectively.

Mahindra & Mahindra’s (M&M) legendary SUV, the All-New Thar has already crossed 9,000 bookings, since its launch on October 2, 2020. This, despite only 18 cities being part of phase one markets where test drive and demo vehicles are available.

The All-New Thar becomes the only SUV in the 4X4 lifestyle category to record this booking milestone in such a short span of time. In addition to the traditional lovers of this iconic brand, the All-New Thar has also appealed to a whole new set of urban lifestyle-seekers, who have shown significant interest in the Convertible Top and Automatic Transmission top end variants.

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.