Mahindra & Mahindra gains as its Thar crosses 50,000 bookings in six month of launch
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Mahindra & Mahindra is currently trading at Rs. 774.00, up by 22.60 points or 3.01% from its previous closing of Rs. 751.40 on the BSE.
The scrip opened at Rs. 753.00 and has touched a high and low of Rs. 774.45 and Rs. 753.00 respectively. So far 24103 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 952.15 on 08-Feb-2021 and a 52 week low of Rs. 320.55 on 22-Apr-2020.
Last one week high and low of the scrip stood at Rs. 810.70 and Rs. 738.95 respectively. The current market cap of the company is Rs. 93413.49 crore.
The promoters holding in the company stood at 19.44%, while Institutions and Non-Institutions held 66.14% and 14.17% respectively.
Mahindra & Mahindra’s (M&M) Thar has crossed 50,000 bookings within just six months of its launch. With its design, performance, off-road capability, everyday-comfort, technology and safety, the all-new Thar continues to attract not only die-hard enthusiasts, but urban lifestyle-seekers as well.
The company has fast-tracked the process of increasing production capacity both at its Nasik facility and at the supplier-end to meet the demand for the model and reduce the waiting period for customers.
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.
