M&M inches up on reporting 21% rise in overall auto sales in November

01 Dec 2023 Evaluate

Mahindra & Mahindra is currently trading at Rs. 1648.70, up by 1.10 points or 0.07% from its previous closing of Rs. 1647.60 on the BSE.

The scrip opened at Rs. 1657.95 and has touched a high and low of Rs. 1665.65 and Rs. 1635.75 respectively. So far 22261 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1670.00 on 18-Sep-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1665.65 and Rs. 1545.00 respectively. The current market cap of the company is Rs. 205462.05 crore.

The promoters holding in the company stood at 19.34% while Institutions and Non-Institutions held 67.12% and 13.54% respectively.

Mahindra & Mahindra (M&M) has reported a 21% rise in its overall auto sales (including exports) at 70,576 units for the month of November 2023 as compared to 58,303 units in the same month last year. Of the total, the company has posted 32% increase in domestic passenger vehicles sales at 39,981 units in November 2023, as compared to the same month last year. The company had sold 30,392 units of passenger vehicles in November 2022. Among passenger vehicles, domestic sales of utility vehicles were at 39,981 units in November 2023, as against 30,238 units in the year-ago period, a growth of 32%.

Sales of three-wheelers, including electric 3Ws, were at 6568 units in November 2023, as compared to 5198 units in November 2022, a growth of 26%. The domestic sales for Small Commercial Vehicles (LCV 2 T - 3.5 T) stood at 17284 vehicles. Sales of Commercial Vehicles (LCV > 3.5T + MHCV) stood at 844 units. However, the exports of the company fell 42% to 1816 units in November 2023 as compared to 3122 units in November 2022.

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.

Mahindra & Mahindra Share Price

3013.00 79.00 (2.69%)
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