Mahindra & Mahindra (M&M) is currently trading at Rs. 1276.00, up by 8.75 points or 0.69% from its previous closing of Rs. 1267.25 on the BSE.
The scrip opened at Rs. 1274.95 and has touched a high and low of Rs. 1281.25 and Rs. 1272.10 respectively. So far 5898 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1508.80 on 09-Aug-2016 and a 52 week low of Rs. 1141.80 on 02-Dec-2016.
Last one week high and low of the scrip stood at Rs. 1305.80 and Rs. 1257.50 respectively. The current market cap of the company is Rs. 79439.40 crore.
The promoters holding in the company stood at 26.77%, while institutions and non-institutions held 57.79% and 15.43% respectively.
In order to arrest the fall in its market share, Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, is reportedly planning to launch two new SUV products over the next two years. The two new cars will be designed by Detroit technical center and Ssangyong team in conjunction with Mahindra's Research team in Chennai.
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.