Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3159.35
30.20 (0.97%)
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M&M inches up on launching BS-VI compliant variants of three-wheeler brand Alfa

Date: 13-10-2020

Mahindra & Mahindra is currently trading at Rs. 635.95, up by 1.90 points or 0.30% from its previous closing of Rs. 634.05 on the BSE.

The scrip opened at Rs. 635.00 and has touched a high and low of Rs. 641.80 and Rs. 630.15 respectively. So far 15210 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. 647.45 and Rs. 625.45 respectively. The current market cap of the company is Rs. 78824.62 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 (M&M) has launched BS-VI compliant variants of its three-wheeler brand Alfa, priced up to Rs 2.67 lakh (ex-showroom Mumbai). The three-wheeler brand comes with four trims to cater to both passenger and cargo segments.

The price of cargo variants starts from Rs 2.59 lakh while that of the passenger trims begin from Rs 2.67 lakh. There has been some delay in launching  BS-VI range of three-wheelers, given the supply chain disruptions due to COVID-19.

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