Mahindra & Mahindra Ltd.

Mahindra & Mahindra is currently trading at Rs. 852.50, up by 24.70 points or 2.98% from its previous closing of Rs. 827.80 on the BSE.

The scrip opened at Rs. 833.00 and has touched a high and low of Rs. 854.75 and Rs. 829.30 respectively. So far 386753 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. 854.75 and Rs. 819.20 respectively. The current market cap of the company is Rs. 51488.43 crore.

The promoters holding in the company stood at 25.35% while Institutions and Non-Institutions held 48.60% and 20.66% respectively.

Mahindra & Mahindra (M&M) has reported results for second quarter ended September 30, 2012.

The company has posted a rise of 22.23% in its net profit at Rs 901.80 crore for the quarter ended September 30, 2012 as compared to Rs 737.78 crore for the same quarter in the previous year. Total income has increased by 33.28% at Rs 10135.85 crore for quarter under review as compared to Rs 7604.80 crore for the quarter ended September 30, 2011.

The results for the quarter and half year ended September, 2012 are not comparable with those of the quarter and half year ended September, 2011 as the figures in respect of quarter and half year ended September, 2011 do not include the results of the automotive business of Mahindra Automobile Distributor which as sanctioned by High Court of Bombay vide its order dated March 30, 2012 got merged with the company from the appointed date April 01, 2011. The said order became effective from April 23, 2012. The comparison of net sales/ income from operations and profit from ordinary activities before exceptional items for the above mentioned periods is however not materially affected by this exclusion.