Mahindra & Mahindra gains on the BSE
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Mahindra & Mahindra is currently trading at Rs. 900.55, up by 1.10 points or 0.12% from its previous closing of Rs. 899.45 on the BSE.
The scrip opened at Rs. 902.05 and has touched a high and low of Rs. 911.00 and Rs. 899.00 respectively. So far 19458 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 970.95 on 13-Oct-2021 and a 52 week low of Rs. 587.30 on 30-Oct-2020.
Last one week high and low of the scrip stood at Rs. 954.00 and Rs. 894.80 respectively. The current market cap of the company is Rs. 112508.93 crore.
The promoters holding in the company stood at 19.46%, while Institutions and Non-Institutions held 66.24% and 14.30% respectively.
Mahindra & Mahindra (M&M) is all set to deliver its recently launched model XUV700 from October end. The deliveries of petrol variants will start from October 30 while that of diesel trims from the last week of November. The company has garnered 65,000 bookings of XUV 700 in two weeks of commencing the process. The company had opened bookings of the model on October 7.
The objective is to streamline the delivery process for customers, based on a combination of parameters which include, the quantum of bookings at city and dealer level, the ratio of online and bookings at dealer counters and variant-level production feasibility based on supply chain constraints.
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.
