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M&M gains as its total wholesales increase 13% in April

May-03-2024   09:31 Hrs IST

Mahindra & Mahindra is currently trading at Rs. 2197.20, up by 12.75 points or 0.58% from its previous closing of Rs. 2184.45 on the BSE.

The scrip opened at Rs. 2210.00 and has touched a high and low of Rs. 2210.00 and Rs. 2186.05 respectively. So far 1848 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2,210.00 on 03-May-2024 and a 52 week low of Rs. 1208.90 on 05-May-2023.

Last one week high and low of the scrip stood at Rs. 2210.00 and Rs. 2001.00 respectively. The current market cap of the company is Rs. 271642.66 crore.

The promoters holding in the company stood at 18.59%, while Institutions and Non-Institutions held 67.94% and 13.46% respectively.

Mahindra & Mahindra’s (M&M) total wholesales increased 13 per cent year-on-year to 70,471 units in April 2024 as compared to the same month last year. The company's total dispatches to its dealers stood at 62,294 units in April 2023.

The company’s passenger vehicle sales in the domestic market rose 18 per cent to 41,008 units in April 2024 against 34,698 units in April 2023. Total exports increased 2 per cent to 1,857 units in April 2024 from 1,813 units in the year-ago period. The company’s tractor sales in April 2024 rose 2 per cent to 37,039 units as against 36,405 units in the same period last year.

Mahindra & Mahindra (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.