Mahindra & Mahindra gains on collaborating with UCO Bank
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Mahindra & Mahindra is currently trading at Rs. 1306.00, up by 6.05 points or 0.47% from its previous closing of Rs. 1299.95 on the BSE.
The scrip opened at Rs. 1282.20 and has touched a high and low of Rs. 1309.25 and Rs. 1280.15 respectively. So far 71308 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1365.90 on 09-Sep-2022 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. 1365.90 and Rs. 1281.15 respectively. The current market cap of the company is Rs. 162162.04 crore.
The promoters holding in the company stood at 19.45%, while Institutions and Non-Institutions held 66.94% and 13.61% respectively.
Mahindra & Mahindra (M&M) has collaborated with UCO Bank, which will enable the company to offer attractive financing options to its SUV customers. The tie-up will allow Mahindra to leverage UCO Bank’s exhaustive network of over 3,000 branches, extending the reach of its financing options to passenger vehicle customers across the country.
As part of the agreement, UCO Bank will offer credit to prospective car owners at attractive rates of interest, high LTV and without any pre-payment charges.
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.
