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M&M catches speed on extending partnership with Gulf Oil

Mahindra & Mahindra is currently trading at Rs. 597.20, up by 4.40 points or 0.74% from its previous closing of Rs. 592.80 on the BSE.

The scrip opened at Rs. 595.00 and has touched a high and low of Rs. 600.00 and Rs. 587.10 respectively. So far 62887 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 814.00 on 21-Dec-2018 and a 52 week low of Rs. 502.85 on 14-Aug-2019.

Last one week high and low of the scrip stood at Rs. 600.00 and Rs. 555.00 respectively. The current market cap of the company is Rs. 73730.32 crore.

The promoters holding in the company stood at 19.84%, while Institutions and Non-Institutions held 62.27% and 17.90% respectively.

Gulf Oil Lubricants India (Gulf Oil) has extended its partnership with Mahindra & Mahindra (M&M) for its Swaraj Tractors Division till March 2022. The pact between the two companies has been extended to co-branding and exclusive manufacturing of engine oils for the Mahindra group’s Swaraj tractor range.

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