Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is currently trading at Rs 926.70, up by 21.10 points or 2.33% from its previous closing of Rs 905.60 on the BSE.

The scrip opened at Rs 901.00 and has touched a high and low of Rs 979.00 and Rs 901.00 respectively. So far 124860 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs 1026.45 on 20-May-2013 and a 52 week low of Rs 675.10 on 25-Jul-2012.

Last one week high and low of the scrip stood at Rs 966.00 and Rs 895.60 respectively. The current market cap of the company is Rs 57228.72 crore.

The promoters holding in the company stood at 25.18% while Institutions and Non-Institutions held 50.55% and 18.90% respectively.

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has reportedly inked a Preferred Financier pact with Central Bank of India. The Memorandum of Understanding (MoU) will enable Mahindra customers from various strata of society to benefit from tailor made schemes of Central Bank, viz. Cent Sahyog, Cent Vehicle & SRTO Schemes for purchase of three wheelers, cars and commercial vehicles of the company.

Further, the tie-up will enable both M&M and Central Bank of India to leverage on the inherent strengths of each others’ vast network of over 250 dealers and 4300 branches respectively across India.