M&M gains as its Farm Equipment Sector registers 50% growth in domestic sales during May
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Mahindra & Mahindra is currently trading at Rs. 1046.10, up by 12.20 points or 1.18% from its previous closing of Rs. 1033.90 on the BSE.
The scrip opened at Rs. 1039.80 and has touched a high and low of Rs. 1056.60 and Rs. 1014.70 respectively. So far 231507 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,056.60 on 01-June-2022 and a 52 week low of Rs. 671.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1056.60 and Rs. 914.85 respectively. The current market cap of the company is Rs. 129944.70 crore.
The promoters holding in the company stood at 19.47%, while Institutions and Non-Institutions held 66.16% and 14.37% respectively.
Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES) has reported its tractor sales numbers for May 2022. Domestic sales in May 2022 were at 34153 units, as against 22843 units during May 2021.
Total tractor sales (Domestic + Exports) during May 2022 were at 35722 units, as against 24184 units for the same period last year. Exports for the month stood at 1569 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.
