Mahindra & Mahindra moves up as its arm inks multi-year contract with Airbus Atlantic
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Mahindra & Mahindra is currently trading at Rs. 1981.60, up by 9.75 points or 0.49% from its previous closing of Rs. 1971.85 on the BSE.
The scrip opened at Rs. 1969.95 and has touched a high and low of Rs. 1994.95 and Rs. 1955.05 respectively. So far 31839 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1982.00 on 01-Mar-2024 and a 52 week low of Rs. 1148.30 on 06-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1976.95 and Rs. 1854.75 respectively. The current market cap of the company is Rs. 246423.89 crore.
The promoters holding in the company stood at 19.32%, while Institutions and Non-Institutions held 67.20% and 13.48% respectively.
Mahindra & Mahindra’s wholly-owned dropdown subsidiary -- Mahindra Aerostructures (MASPL) has signed a multi-year contract with Airbus Atlantic for the manufacture and delivery of metallic components and small assemblies, for the entire Airbus commercial aircraft family, including the best-selling A320 family. Under the contract, worth around $100 million, MASPL will supply close to 2300 varieties of metallic components to Airbus Atlantic in France from its manufacturing base in India. The contract adds to existing MASPL programs to deliver parts directly to Airbus at their facilities in France and Germany.
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.
