Mahindra & Mahindra (M&M) is currently trading at Rs. 1428.05, up by 15.50 points or 1.10% from its previous closing of Rs. 1412.55 on the BSE.
The scrip opened at Rs. 1424.00 and has touched a high and low of Rs. 1434.90 and Rs. 1414.25 respectively. So far 35454 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1459.50 on 12-Jun-2017 and a 52 week low of Rs. 1142.05 on 27-Dec-2016.
Last one week high and low of the scrip stood at Rs. 1434.90 and Rs. 1367.00 respectively. The current market cap of the company is Rs. 88763.95 crore.
The promoters holding in the company stood at 26.69%, while institutions and non-institutions held 57.20% and 16.11% respectively.
M&M’s wholly owned subsidiary - Mahindra Overseas Investment Company (Mauritius) (MOICML) has executed a sale of 64,50,000 shares representing 5% of the share capital of CIE Automotive S.A., a company incorporated in Spain and quoted on the Madrid and Bilbao Stock Exchanges at an average gross price of Euro 23.50 per share, aggregating euro 151.58 million. The sale has been executed on the stock exchange.
Following the sale, MOICML’s shareholding in CIE Automotive S.A. would come down to 7.435% of its share capital. This transaction will facilitate diversification of Investor base of CIE Automotive S.A. MOCIML would utilize the sale proceeds, inter alia, for part re-payment of its debt and/or for declaration of Dividend or for any other purpose, as may be decided by the Board of MOICML.
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.
| 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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