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Published on 13/10/2021 2:53:33 PM | Source: Accord Fintech

Mahindra & Mahindra trades higher on the BSE

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Mahindra & Mahindra is currently trading at Rs. 958.90, up by 69.30 points or 7.79% from its previous closing of Rs. 889.60 on the BSE.

The scrip opened at Rs. 888.00 and has touched a high and low of Rs. 970.95 and Rs. 888.00 respectively. So far 492140 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 970.95 on 13-Oct-2021 and a 52 week low of Rs. 587.30 on 30-Oct-2020.

Last one week high and low of the scrip stood at Rs. 970.95 and Rs. 836.00 respectively. The current market cap of the company is Rs. 118153.02 crore.

The promoters holding in the company stood at 19.46%, while Institutions and Non-Institutions held 66.24% and 14.30% respectively.

Mahindra Group has launched its advanced tractor range Yuvo Tech+ in a phased manner. The rollout will begin from Uttar Pradesh, Madhya Pradesh, Rajasthan, Chhattisgarh, Bihar, Jharkhand, and Gujarat. It will be launched across markets in subsequent months. Designed and developed at Mahindra's Research Valley (MRV) in Chennai, Yuvo was launched in the (26-37.3 kW) 35-50 HP range five years ago. Launched in 37 hp, 39hp and 42hp, the new Yuvo Tech+ is powered by Mahindra's new mZIP 3-cylinder engine, which comes with higher cubic capacity technology. The three tractor models are Tech+, Tech+ 405 and Tech+ 415.

The new engine offers best-in-class delivery of power and fuel-efficiency in the category. The Yuvo Tech + range comes with 12F (forward) + 3R (reverse) transmission technology, with a 3- speed range option (H-M-L) to help select speeds based on soil type and Agri applications. With high precision control valves, and best-in-class lift capacity of up to 1,700 kgs, Yuvo Tech+ can handle heavy implements with ease and precision.

Mahindra & Mahindra (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.