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Published on 1/03/2021 2:59:36 PM | Source: Accord Fintech

Mahindra & Mahindra trades higher on the BSE

Posted in Stock Market| #Mahindra and Mahindra Ltd #Stock Market

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Mahindra & Mahindra is currently trading at Rs. 827.70, up by 22.85 points or 2.84% from its previous closing of Rs. 804.85 on the BSE.

The scrip opened at Rs. 817.00 and has touched a high and low of Rs. 852.50 and Rs. 817.00 respectively. So far 363838 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 952.15 on 08-Feb-2021 and a 52 week low of Rs. 245.80 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 882.00 and Rs. 799.10 respectively. The current market cap of the company is Rs. 102936.34 crore.

The promoters holding in the company stood at 19.44%, while Institutions and Non-Institutions held 66.14% and 14.17% respectively.

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES) has reported its tractor sales numbers for February 2021. Domestic sales in February 2021 were at 27,170 units, as against 21,877 units during February 2020.

Total tractor sales (Domestic + Exports) during February 2021 were at 28,146 units, as against 22,561 units for the same period last year. Exports for the month stood at 976 units.

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.

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