M&M catches speed on looking at maintaining leadership position in fast growing SUV segment
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Mahindra & Mahindra is currently trading at Rs. 1385.15, up by 44.10 points or 3.29% from its previous closing of Rs. 1341.05 on the BSE.
The scrip opened at Rs. 1346.05 and has touched a high and low of Rs. 1389.50 and Rs. 1346.05 respectively. So far 55798 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1396.00 on 16-Feb-2023 and a 52 week low of Rs. 972.90 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1389.50 and Rs. 1300.60 respectively. The current market cap of the company is Rs. 172639.11 crore.
The promoters holding in the company stood at 19.37%, while Institutions and Non-Institutions held 66.96% and 13.66% respectively.
Mahindra & Mahindra (M&M) is looking at maintaining leadership position in the fast growing sports utility vehicle (SUV) segment in the current fiscal with demand remaining robust for its model range.
The company, which is sitting on an order backlog of 2.92 lakh units for sports utility vehicles, also plans to ramp-up production capacity by the end of this year, as it looks to cut waiting periods on various models.
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.
