Mahindra & Mahindra is currently trading at Rs. 525.15, up by 3.00 points or 0.57% from its previous closing of Rs. 522.15 on the BSE.
The scrip opened at Rs. 523.30 and has touched a high and low of Rs. 527.75 and Rs. 518.30 respectively. So far 23037 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 976.50 on 21-Sep-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. 552.25 and Rs. 518.30 respectively. The current market cap of the company is Rs. 65435.44 crore.
The promoters holding in the company stood at 19.87%, while Institutions and Non-Institutions held 58.78% and 21.36% respectively.
Mahindra & Mahindra (M&M) has incorporated Mahindra Bangladesh (MBPL) as its wholly owned subsidiary. MBPL has been incorporated in Dhaka, Bangladesh under the laws of Bangladesh, The Companies Act (Act XVIII) of 1994.
The objective of the move is to carry on the businesses of trading, distributing, supplying, storing, exporting, importing, servicing, manufacturing, developing, assembling, leasing, selling on hire-purchase or instalment systems, research and development, of all kinds of passenger, transportation and utility vehicles including but not limited to tankers, tractors, agricultural machinery, multi-utility vehicles, trailers, lorries, trucks, buses, motor cars, motor cycles, threewheelers or other motor vehicles.
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.