M&M moves up as its Auto Sector registers 10% growth in February sales

Mumbai : Mahindra & Mahindra is currently trading at Rs. 648.30, up by 1.75 points or 0.27% from its previous closing of Rs. 646.55 on the BSE.

The scrip opened at Rs. 651.70 and has touched a high and low of Rs. 651.80 and Rs. 642.00 respectively. So far 252194 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 992.00 on 30-Aug-2018 and a 52 week low of Rs. 615.75 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 665.00 and Rs. 640.60 respectively. The current market cap of the company is Rs. 80621.04 crore.

The promoters holding in the company stood at 21.57%, while Institutions and Non-Institutions held 55.02% and 23.41% respectively.

Mahindra & Mahindra (M&M) has reported auto sales performance for February 2019 which stood at 56,005 vehicles, compared to 51,127 vehicles during February 2018, a growth of 10%. The company’s domestic sales touched 52,915 vehicles during February 2019, as against 48,473 vehicles in February 2018, a growth of 9%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 26,109 vehicles in February 2019, as against 22,389 vehicles in February 2018.

In the Commercial Vehicles segment, the company sold 21,154 vehicles in February 2019, registering a marginal growth. In the Medium and Heavy Commercial Vehicles segment, M&M sold 686 vehicles for the month. Exports for February 2019 stood at 3,090 vehicles with a growth of 16%.

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.