M&M gains as its automotive division ties up with Quiklyz for vehicle leasing
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Mahindra & Mahindra is currently trading at Rs. 869.00, up by 5.00 points or 0.58% from its previous closing of Rs. 864.00 on the BSE.
The scrip opened at Rs. 872.00 and has touched a high and low of Rs. 877.10 and Rs. 863.05 respectively. So far 22177 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 978.90 on 17-Nov-2021 and a 52 week low of Rs. 725.00 on 28-Jul-2021.
Last one week high and low of the scrip stood at Rs. 878.65 and Rs. 780.60 respectively. The current market cap of the company is Rs. 107660.47 crore.
The promoters holding in the company stood at 19.47%, while Institutions and Non-Institutions held 66.54% and 13.98% respectively.
Mahindra & Mahindra’s (M&M) automotive division -- Mahindra Automotive has tied up with vehicle and leasing subscription platform Quiklyz, which allows customers to lease Mahindra vehicles in a hassle-free manner. Following this collaboration, the platform will now be available live on Mahindra Auto's portal and across its dealership network. The platform will offer convenience, flexibility and choice to customers across eight cities -- Mumbai, Pune, Delhi, Noida, Gurugram, Bengaluru, Hyderabad and Chennai. Quiklyz will help the company target and leverage the potential of India's expanding car leasing market, further broadening our consumer portfolio.
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.
