M&M rises as its arm incorporates subsidiary in Thailand
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Mahindra & Mahindra is currently trading at Rs. 3173.80, up by 7.90 points or 0.25% from its previous closing of Rs. 3165.90 on the BSE.
The scrip opened at Rs. 3199.95 and has touched a high and low of Rs. 3199.95 and Rs. 3151.30 respectively. So far 30305 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. 1450.55 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 3199.95 and Rs. 2984.00 respectively. The current market cap of the company is Rs. 393545.79 crore.
The promoters holding in the company stood at 18.56%, while Institutions and Non-Institutions held 68.14% and 13.30% respectively.
Mahindra & Mahindra’s (M&M) subsidiary -- Mahindra Overseas Investment Company (Mauritius) (MOICML) has incorporated Mahindra South East Asia (MSEAL) in Thailand on October 8, 2024, as a subsidiary of it, which in turn is a wholly owned subsidiary of the company. MSEAL will be mainly engaged in the business of selling tractor, farm equipment & implements along with Spare part there off.
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.
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