Mahindra & Mahindra Ltd.

Mahindra & Mahindra is currently trading at Rs. 941.80, up by 6.55 points or 0.70% from its previous closing of Rs. 935.25 on the BSE.

The scrip opened at Rs. 940.00 and has touched a high and low of Rs. 945.05 and Rs. 936.00 respectively. So far 2,103 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 974.80 and a 52 week low of Rs. 621.75.

The current market cap of the company is Rs. 57,824.00 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 hiked the capacities of some its best selling brands with immediate effect. This has been necessitated due to the overwhelming demand for the Quanto, XUV500 and Rexton across the country. With the increase in capacity for these three products, Mahindra hopes to bring down the waiting period for these popular products and thereby facilitate its customers in getting early deliveries.

In addition, the bookings for these brands have been opened across more centres in India. Mahindra’s Quanto has garnered bookings of more than 12000 units within the first two months of its launch while deliveries for the XUV500 are as per schedule. The company’s premium SUV, the SsangYong Rexton which has over 1500 bookings across 9 cities is now poised to be launched in additional cities starting this month.

The capacity for the Quanto has been raised to 3500 units, XUV500 to 4500 units and the Rexton to 500 units per month, respectively so as to effectively deliver the vehicles in the shortest possible time to customers.