Mahindra & Mahindra is currently trading at Rs 1290.00, up by 11.95 points or 0.94% from its previous closing of Rs. 1278.05 on the BSE.
The scrip opened at Rs. 1280.00 and has touched a high and low of Rs. 1293.45 and Rs. 1227.50 respectively. So far 9834 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. 1092.00 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 1306.70 and Rs. 1,227.50 respectively. The current market cap of the company is Rs. 79872.48 crore.
The promoters holding in the company stood at 26.77%, while Institutions and Non-Institutions held 57.79% and 15.43% respectively.
Mahindra & Mahindra (M&M) is planning to make an investment of Rs 1500 crore at its Nasik and Igatpuri plants in Maharashtra. The project constitutes development and manufacture of its new product codenamed U321, covering joint investment at Nasik and Igatpuri. The investment in the Nasik plant will be towards manufacture of vehicles, while investment in the Igatpuri plant will be for manufacture and supply of engines. The projects will qualify as 'Ultra Mega Project'.
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.