M&M rises as its arm launches new electric 3-wheeler ‘e Alfa Cargo’
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Mahindra & Mahindra is currently trading at Rs. 857.85, up by 3.85 points or 0.45% from its previous closing of Rs. 854.00 on the BSE.
The scrip opened at Rs. 851.00 and has touched a high and low of Rs. 858.60 and Rs. 841.05 respectively. So far 32104 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. 897.90 and Rs. 841.05 respectively. The current market cap of the company is Rs. 106174.86 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) subsidiary-- Mahindra Electric Mobility (MEML) has launched its new electric 3-wheeler, the e Alfa Cargo. The e Alfa Cargo is attractively priced at Rs 1.44 lakh, ex-showroom Delhi. An e Alfa Cargo owner can save up to Rs 60 000.00 per year in fuel costs when compared with a diesel cargo 3-wheeler. The launch of the e Alfa Cargo marks the entry of Mahindra in the rapidly growing e-cart segment.
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.
