Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is currently trading at Rs 950.35, up by 10.30 points or 1.10% from its previous closing of Rs 940.05 on the BSE.

The scrip opened at Rs 942.00 and has touched a high and low of Rs 953.60 and Rs 940.00 respectively. So far 11399 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 973.35 on 19-Dec-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 947.25 and Rs 924.15 respectively. The current market cap of the company is Rs.58349.66 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), is planning to launch its 300cc bike Mojo next fiscal. In this regard, the company is taking all feasible steps to ensure that the engine, vehicle and composite are suitably tested and validated before it hits the road.

Mahindra 2 Wheelers is also planning to roll out a new model of its scooters portfolio by third quarter of next fiscal. Moreover, a variant of Rodeo scooter is set to be launched.

The company forayed into 110cc motorcycle segment with the unveiling of two models, Pantero and Centuro January 04, 2013.