M&M rides high after its Farm Equipment Sector reports 6% rise in tractor sales in June
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Mahindra & Mahindra is currently trading at Rs. 1470.20, up by 16.45 points or 1.13% from its previous closing of Rs. 1453.75 on the BSE.
The scrip opened at Rs. 1465.05 and has touched a high and low of Rs. 1498.55 and Rs. 1458.85 respectively. So far 113304 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1498.55 on 03-July-2023 and a 52 week low of Rs. 1064.75 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1498.55 and Rs. 1371.30 respectively. The current market cap of the company is Rs. 183352.11 crore.
The promoters holding in the company stood at 19.37%, while Institutions and Non-Institutions held 66.96% and 13.66% respectively.
Mahindra & Mahindra’s (M&M's) Farm Equipment Sector (FES) has reported 6% rise in its total tractor sales (Domestic + Exports) for June 2023 at 44,478 units as against 41,848 in June 2022. Domestic sales in June 2023 were at 43,364 units, as against 39,825 units during June 2022. Exports for the month stood at 1,114 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.
