M&M catches speed on planning to launch premium SUV XUV700 in second quarter of this fiscal
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Mahindra & Mahindra is currently trading at Rs. 805.75, up by 9.35 points or 1.17% from its previous closing of Rs. 796.40 on the BSE.
The scrip opened at Rs. 803.95 and has touched a high and low of Rs. 810.70 and Rs. 798.05 respectively. So far 97615 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. 313.30 on 08-Apr-2020.
Last one week high and low of the scrip stood at Rs. 810.70 and Rs. 769.70 respectively. The current market cap of the company is Rs. 100157.81 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 (M&M) is planning to launch its premium SUV XUV700 in the second quarter of the ongoing fiscal. The new model, which has been built on the W601 platform, will be manufactured at the company's manufacturing facility at Chakan in Maharashtra. The XUV700, one of the most awaited offerings from Mahindra, is sure to hit the sweet spot with customers. Built on the new W601 platform, XUV700 marks the beginning of the next generation of sophisticated and authentic Mahindra SUVs.
It will come with world class safety features, reaffirming Mahindra's commitment towards safety. The upcoming model will offer both diesel and petrol engines in manual and automatic transmissions, along with optional All-Wheel-Drive (AWD) capabilities.
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.
