Mahindra & Mahindra surges as its arm ties up with Terrago Logistics
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Mahindra & Mahindra is currently trading at Rs. 906.40, up by 10.25 points or 1.14% from its previous closing of Rs. 896.15 on the BSE.
The scrip opened at Rs. 907.10 and has touched a high and low of Rs. 920.40 and Rs. 904.25 respectively. So far 138783 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. 939.00 and Rs. 891.75 respectively. The current market cap of the company is Rs. 113459.97 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’s (M&M) subsidiary company -- Mahindra Electric Mobility has tied up with the city-based startup Terrago Logistics. Terrago currently has a fleet of 65 Mahindra Treo Zor cargo vehicles deployed with online grocery major Big Basket in three cities and leading logistics major, Porter.
In the coming months, Mahindra Electric will supply additional EVs to Terrago for its zero-pollution fleet expansion. The company believes the partnership will not only accelerate its carbon neutral goals but also lay the foundation for others to adopt electric mobility.
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.
