Mahindra & Mahindra rides high on reporting 5% growth in exports of vehicles during May

Mahindra & Mahindra is currently trading at Rs. 1054.25, up by 6.75 points or 0.64% from its previous closing of Rs. 1047.50 on the BSE.

Mahindra Mahindra
Mahindra Mahindra

The scrip opened at Rs. 1042.00 and has touched a high and low of Rs. 1057.75 and Rs. 1034.70 respectively. So far 66490 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1,057.75 on 02-Jun-2022 and a 52 week low of Rs. 671.00 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 1,057.75 and Rs. 922.65 respectively. The current market cap of the company is Rs. 130777.64 crore.

The promoters holding in the company stood at 19.47%, while Institutions and Non-Institutions held 66.16% and 14.37% respectively.

Mahindra & Mahindra’s (M&M) overall auto sales for the month of May 2022 stood at 53726 vehicles.

In the Utility Vehicles segment, Mahindra sold 26632 vehicles in May 2022. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 26904 vehicles in May 2022.

Exports for the month were at 2028 vehicles as against 1935 units in May 2021, a growth of 5%. In the Commercial Vehicles segment, Mahindra sold 21149 vehicles in May 2022.

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.

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