Mahindra & Mahindra Ltd.

M&M is currently trading at Rs. 883.70, up by 0.90 points or 0.10% from its previous closing of Rs. 882.80 on the BSE.

The scrip opened at Rs. 888.00 and has touched a high and low of Rs. 892.00 and Rs. 882.50 respectively. So far 23123 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 on 10-Jan-2013 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. 906.70 and Rs. 875.55 respectively. The current market cap of the company is Rs. 54328.09 crore.

The promoters holding in the company stood at 25.30% while Institutions and Non-Institutions held 49.26% and 19.99% respectively.

Snapping their three-year old partnership, Mahindra and Mahindra (M&M) is all set to acquire 26% stake of BAE Systems in the joint venture company Defence Land Systems India (DLSI).

In DLSI, Mahindra Defence Systems-- a part of the Mahindra and Mahindra group -- has 74% stakes while the BAE Systems holds the remaining 26%. The Joint Venture Company had plans of supplying artillery howitzers and anti-mine vehicles to the Indian armed forces.

The decision will enable both companies to consider each opportunity on a case by case basis, including continuing to explore opportunities for co-operating on specific defence projects.