M&M trades higher on inking pact with CHARGE+ZONE
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Mahindra & Mahindra is currently trading at Rs. 1309.15, up by 16.00 points or 1.24% from its previous closing of Rs. 1293.15 on the BSE.
The scrip opened at Rs. 1297.35 and has touched a high and low of Rs. 1309.95 and Rs. 1290.60 respectively. So far 14690 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1365.90 on 09-Sep-2022 and a 52 week low of Rs. 671.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1315.45 and Rs. 1259.60 respectively. The current market cap of the company is Rs. 161409.90 crore.
The promoters holding in the company stood at 19.38%, while Institutions and Non-Institutions held 66.84% and 13.73% respectively.
Electric vehicle charging infrastructure firm CHARGE+ZONE and Mahindra & Mahindra (M&M) have entered into partnership to set up a charging network for the latter's electric SUVs. The two partners will explore installation, commissioning and maintenance of fast DC chargers at various locations. The locations would include owned and rented sites, offices or any other areas nominated by Mahindra. Moreover, the partnership will also entail rolling out of e-mobility solutions spanning discovery, availability, navigation and transactions, to provide seamless access to the charging network.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
