Mahindra & Mahindra is currently trading at Rs 944.50, up by 7.85 points or 0.84% from its previous closing of Rs 936.65 on the BSE.
The scrip opened at Rs 936.00 and has touched a high and low of Rs 950.00 and Rs 936.00 respectively. So far 30551 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs 973.35 on 19-Dec-2012 and a 52 week low of Rs 621.75 on 18-May-2012.
Last one week high and low of the scrip stood at Rs 973.35 and Rs 934.65 respectively. The current market cap of the company is Rs 58048.81 crore.
The promoters holding in the company stood at 25.35% while Institutions and Non-Institutions held 48.60% and 20.66% respectively.
Mahindra & Mahindra (M&M), country’s major automobile maker is planning to set up Rs 1,800-crore testing facility near Chennai but it is getting delayed as state government has not allotted the land, which is impacting its investments. Currently, the entity is doing the testing on a small scale at Mahindra World City, 40 kms away from Chennai to overcome the situation.
In early 2011, the company had signed a MoU with the Tamil Nadu government and has asked for 400 acres of land; the first phase of land acquisition is around 150 acres to set up the testing facility. Other part of the land will be utilized for setting up an auto plant. It will be a single-line plant, manufacturing one product, since it is not a large enough plant to use multi products.
| 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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