M&M is currently trading at Rs. 1288.50, up by 1.50 points or 0.12% from its previous closing of Rs. 1287.00 on the BSE.
The scrip opened at Rs. 1290.00 and has touched a high and low of Rs. 1295.00 and Rs. 1280.05 respectively. So far 11,152 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1441.45 on 07-Aug-2015 and a 52 week low of Rs. 1095.00 on 07-Sep-2015.
Last one week high and low of the scrip stood at Rs. 1328.00 and Rs. 1229.00 respectively. The current market cap of the company is Rs. 80,027.00 crore.
The promoters holding in the company stood at 25.56% while Institutions and Non-Institutions held 54.91% and 13.77% respectively.
Mahindra & Mahindra (M&M), part of the global $16.9 billion Mahindra Group, and Tech Mahindra, a leading provider of IT, Networks and Engineering solutions and BPO services, have jointly entered into an agreement with Pincar S.r.l., to purchase a controlling stake in Pininfarina S.p.A., an iconic Italian brand in automotive and industrial design.
Pininfarina’s legendary brand status will allow Tech Mahindra powerful access to relationships the iconic designer has nurtured with the best in the world over its 85-year history, including with Ferrari, Alfa Romeo, Maserati and Peugeot. This will mean an opportunity for Tech Mahindra to influence product conceptualization and design & styling through Europe’s best-in-class design house.
As part of the agreement, Tech Mahindra and M&M shall purchase 76.06% of Pininfarina shares from the current controlling shareholder Pincar S.r.l. at a price of euro 1.1 per share. This investment by Tech Mahindra and M&M shall be done via a joint venture company, whose ownership shall be held 60% by Tech Mahindra and 40% by M&M.
This will be followed by an open offer for all the remaining ordinary shares of Pininfarina, at the same purchase price paid for the shares held by Pincar. A rights issue to infuse funds into the design & styling major will also be executed before the end of 2016.
| Company Name | CMP |
|---|---|
| Maruti Suzuki | 11081.45 |
| Mahindra & Mahindra | 3013.00 |
| Hyundai Motor India | 1829.50 |
| Mercury Metals | 99.75 |
| Hindustan Motors | 21.65 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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