Mahindra & Mahindra surges on planning to launch all-new SUV 'Scorpio-N' on June 27
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Mahindra & Mahindra is currently trading at Rs. 923.35, up by 18.75 points or 2.07% from its previous closing of Rs. 904.60 on the BSE.
The scrip opened at Rs. 905.10 and has touched a high and low of Rs. 935.20 and Rs. 905.10 respectively. So far 44135 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. 935.20 and Rs. 880.05 respectively. The current market cap of the company is Rs. 114622.35 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 (M&M) has planned to launch all-new SUV 'Scorpio-N' on June 27. Its new sports utility vehicle codenamed Z101 will be known as 'Scorpio-N' and will be launched on June 27. The current Scorpio which has evolved over the last two decades as an iconic and a cult brand will continue as the 'Scorpio Classic'.
The latest SUV to be produced at the company's Chakan manufacturing facility has been engineered ground-up to meet the aspirations of the young and tech-savvy customers looking for a full-size authentic SUV.
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.
