M&M rides high after its Farm Equipment Sector inks MoU with Jammu & Kashmir Bank
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Mahindra & Mahindra is currently trading at Rs. 900.40, up by 2.00 points or 0.22% from its previous closing of Rs. 898.40 on the BSE.
The scrip opened at Rs. 890.00 and has touched a high and low of Rs. 914.30 and Rs. 888.60 respectively. So far 64624 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. 671.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 933.10 and Rs. 888.60 respectively. The current market cap of the company is Rs. 113509.70 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 has signed a memorandum of understanding (MoU) with the Jammu & Kashmir Bank to finance Mahindra’s range of tractors and farm machinery.
As one of the oldest nationalised banks in India, with its corporate headquarters in Srinagar, J&K Bank will provide financing to prospective customers who can avail affordable and hassle-free financing facilities on Mahindra branded tractors and farm machinery, via its branches in Srinagar, Jammu & Kashmir, Punjab, Himachal Pradesh, Leh and Ladakh.
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.
