M&M gains on expanding electric vehicle portfolio with introduction of two all-new models
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Mahindra & Mahindra is currently trading at Rs. 3029.15, up by 41.30 points or 1.38% from its previous closing of Rs. 2987.85 on the BSE.
The scrip opened at Rs. 3036.90 and has touched a high and low of Rs. 3070.00 and Rs. 2986.20 respectively. So far 83310 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1545.00 on 28-Nov-2023.
Last one week high and low of the scrip stood at Rs. 3148.05 and Rs. 2897.20 respectively. The current market cap of the company is Rs. 377305.30 crore.
The promoters holding in the company stood at 18.54%, while Institutions and Non-Institutions held 68.30% and 13.15% respectively.
Mahindra & Mahindra (M&M) has expanded its electric vehicle portfolio in the country with the introduction of two all-new models. The company unveiled two grounds up models -- BE 6e and XEV 9e -- with deliveries expected to commence in February-March next year. Entry level variants of BE 6e and XEV 9e are priced at Rs 18.9 lakh and Rs 21.9 lakh (ex-showroom), respectively. BE 6e comes with a range of 682 km while the XEV 9e features a range of 656 kms.
Mahindra & Mahindra 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.
