M&M rises on inaugurating two state-of-the-art development test facilities
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Mahindra & Mahindra is currently trading at Rs. 2796.45, up by 5.95 points or 0.21% from its previous closing of Rs. 2790.50 on the BSE.
The scrip opened at Rs. 2785.00 and has touched a high and low of Rs. 2821.40 and Rs. 2774.45 respectively. So far 11378 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. 3005.60 and Rs. 2774.45 respectively. The current market cap of the company is Rs. 345371.48 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 opened its doors to the Passive safety lab (PSL) and Battery & Cell Research Lab, for its engineers to test the safety of SUV products at various load cases & perform research on Cell Technologies. The PSL lab is arguably one of the biggest automotive Passive safety test labs owned by an automobile OEM in the world. The facility can perform with Bharat New car assessment program (BNCAP) along with Australian & European New Car Assessment Program (A/ENCAP).
Battery & Cell Research Lab will focus on research & analysis of Battery Cells, Modules & Packs aiming to achieve enhanced energy efficiency, Performance, lower charging time and longevity. This Lab will mark a significant milestone for M&M in its journey towards clean mobility solutions. Further, destructive & Nondestructive cell related tests can be conducted in-house. These Labs are just 55 km away from the Mahindra Research Valley (MRV) where all Mahindra SUVs are developed from scratch.
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.
