M&M rises on launching SUV XUV700 in Australia
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Mahindra & Mahindra is currently trading at Rs. 1392.05, up by 13.20 points or 0.96% from its previous closing of Rs. 1378.85 on the BSE.
The scrip opened at Rs. 1380.10 and has touched a high and low of Rs. 1397.80 and Rs. 1366.10 respectively. So far 30113 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1420.00 on 07-Jun-2023 and a 52 week low of Rs. 972.90 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1397.80 and Rs. 1362.80 respectively. The current market cap of the company is Rs. 173472.27 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 (M&M) has launched its flagship SUV XUV700 in Australia. Given the strategic importance of the market, the introduction of the XUV700 in Australia marks the company's ambitious global expansion strategy and signifies the beginning of a new phase for the brand in the country.
Mahindra Australia, a subsidiary of M&M, is actively working on expanding its network. The focus is on enhancing accessibility and convenience for customers in metro locations. The introduction of the XUV700 in Australia marks a significant step for the company.
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.
