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M&M gains as its FES sells 20,414 units in India in November

Mahindra & Mahindra is currently trading at Rs. 533.20, up by 3.15 points or 0.59% from its previous closing of Rs. 530.05 on the BSE.

The scrip opened at Rs. 527.95 and has touched a high and low of Rs. 537.50 and Rs. 523.95 respectively. So far 128673 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. 558.00 and Rs. 523.95 respectively. The current market cap of the company is Rs. 66525.75 crore.

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

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES) has reported its tractor sales numbers for November 2019. Domestic sales in November 2019 were at 20,414 units, as against 25,159 units during November 2018. Total tractor sales (Domestic and Exports) during November 2019 were at 21,032 units, as against 25,949 units for the same period last year. Exports for the month stood at 618 units.

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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