M&M rides high after its arm launches new Jeeto Strong
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Mahindra & Mahindra is currently trading at Rs. 1480.95, up by 12.40 points or 0.84% from its previous closing of Rs. 1468.55 on the BSE.
The scrip opened at Rs. 1475.00 and has touched a high and low of Rs. 1490.00 and Rs. 1474.00 respectively. So far 15885 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1670.00 on 18-Sep-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1513.75 and Rs. 1450.55 respectively. The current market cap of the company is Rs. 184247.45 crore.
The promoters holding in the company stood at 19.34%, while Institutions and Non-Institutions held 67.12% and 13.54% respectively.
Mahindra and Mahindra’s (M&M) subsidiary -- Mahindra Last Mile Mobility (MLMML) has launched the ‘Mahindra Jeeto Strong’. There are more than 2,00,000 satisfied Jeeto customers in the country. The Jeeto Strong retains the core value of Jeeto brand - best-in-segment mileage - while bringing in a higher payload capacity and more features. The Jeeto Strong is all set to redefine last mile cargo transportation. With a much-higher payload capacity of 815 kg in diesel and 750 kg in CNG, it enhances productivity.
It stands out with best-in-segment mileage (32.00 km/l in diesel, 35.00 km/kg in CNG), a first in a sub-2 tonne ICE cargo 4-wheeler - electric vacuum pump-assisted braking, a user-friendly brand-new digital cluster and improved suspension. To enhance the ownership experience, Mahindra also offers free accidental insurance worth Rs 10 lakh for the driver, ensuring safety and security of its customers. Mahindra also provides an unmatched 3 years or 72,000 km warranty showcasing its commitment to quality and durability.
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.
