M&M catches speed on rolling out new wheel harvester under `Swaraj brand`
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Mahindra & Mahindra is currently trading at Rs. 1536.20, up by 36.65 points or 2.44% from its previous closing of Rs. 1499.55 on the BSE.
The scrip opened at Rs. 1502.65 and has touched a high and low of Rs. 1537.20 and Rs. 1493.15 respectively. So far 67457 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1537.20 and Rs. 1418.55 respectively. The current market cap of the company is Rs. 190216.39 crore.
The promoters holding in the company stood at 19.37%, while Institutions and Non-Institutions held 67.08% and 13.55% respectively.
Mahindra & Mahindra (M&M) has rolled out a new wheel harvester under the Swaraj brand in the domestic market as it looks to tap aggressively the farm mechanisation market in the country. With its latest offering, the brand is aiming for a 15-20 per cent market share in the wheel harvester segment in the long-term.
Manufactured at the company's new farm machinery facility at Pithampur near Indore in Madhya Pradesh, the new 'Swaraj 8200 Wheel Harvester' will be available from the upcoming crop season for the customers through its dealerships pan-India.
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.
