Mahindra & Mahindra Ltd.

M&M is currently trading at Rs. 880.60, up by 0.20 points or 0.02% from its previous closing of Rs. 880.40 on the BSE.

The scrip opened at Rs. 882.75 and has touched a high and low of Rs. 886.80 and Rs. 878.05 respectively. So far 19,052 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. 54,067.00 crore.

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

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has completed its purchase of the Navistar Group’s stake in Mahindra Navistar Automotives (MNAL) and Mahindra Navistar Engines (MNEPL). The deal has received regulatory approval in India and M&M has now taken complete ownership of operations and continue to sell MNAL and MNEPL products.

In December 2012, Navistar had decided to exit the joint venture as part of its ‘Drive to Deliver’ turnaround strategy, which is focused on strengthening its North American core businesses and pursuing near-term initiatives to improve the company’s return on invested capital (ROIC) performance.

The agreement however, allows Navistar to continue sourcing components from India while Mahindra would continue to provide engineering services to Navistar. The Navistar Group will continue to support M&M through license agreements and extend necessary support to MNAL and MNEPL for the purposes of business continuity.