Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) is currently trading at Rs 891.80, up by 4.20 points or 0.47% from its previous closing of Rs 887.60 on the BSE.

The scrip opened at Rs 888.80 and has touched a high and low of Rs 895.00 and Rs 888.00 respectively. So far 14289 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 741.50 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 894.00 and Rs 860.00 respectively. The current market cap of the company is Rs 54666.61 crore.

The promoters holding in the company stood at 25.26% while Institutions and Non-Institutions held 52.43% and 17.34% respectively.

Mahindra & Mahindra’s (M&M) business unit - Mahindra First Choice Services (MFCS) is planning to enter into business of selling pre-owned luxury cars like BMW, Audi and Mercedes Benz. In this regard, the company will open up to three ‘First Choice Highline’ showrooms in the next 12 months to retail pre-owned luxury cars.

The company has already inaugurated the first outlet in Gurgaon and planning to open next outlets in Mumbai and Bangalore.

Mahindra First Choice Services (MFCS), a wholly owned subsidiary of Mahindra & Mahindra, is a chain of multi brand car workshops across major cities in India like Bangalore, Nasik, Hyderabad, Mumbai, Pune, Surat, Vapi, Nellore, Coimbatore, Chennai, Ludhiana and Delhi NCR.