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Mahindra Logistics is currently trading at Rs. 436.70, up by 1.45 points or 0.33% from its previous closing of Rs. 435.25 on the BSE.

The scrip opened at Rs. 438.00 and has touched a high and low of Rs. 440.95 and Rs. 425.95 respectively. So far 7099 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 492.60 on 09-Apr-2024 and a 52 week low of Rs. 347.15 on 25-Oct-2023.

Last one week high and low of the scrip stood at Rs. 449.20 and Rs. 425.95 respectively. The current market cap of the company is Rs. 3146.44 crore.

The promoters holding in the company stood at 58.04%, while Institutions and Non-Institutions held 23.14% and 18.82% respectively.

Mahindra Logistics (MLL) has executed a  Joint Venture Agreement (JV Agreement) with Seino Holdings, Japan (Seino) to enable the formation of a Joint Venture company in India, for carrying on the business of providing warehousing and trucking services and related services thereto primarily to Japanese automobile companies and Japanese auto ancillary companies and / or their respective automobile and/or auto ancillary Affiliates in India, and such other matters as may be agreed from time to time. The Company will hold 50% in the proposed Joint Venture company and the balance 50% will be held by Seino. The Company and Seino have completed execution of JV Agreement on May 30, 2024.

Investment Committee of the Board of Directors of the Company, at its meeting held May 30, 2024, has approved the same.

Mahindra Logistics (MLL) provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.