Mahindra & Mahindra's stock saw a modest increase, trading at Rs. 2784.05, up by 7.10 points or 0.26% from its previous close of Rs. 2776.95 on the BSE.
The stock opened at Rs. 2777.15 and fluctuated between a high of Rs. 2796.10 and a low of Rs. 2777.15. A total of 5,351 shares were traded during the session.
Mahindra & Mahindra, classified under BSE group 'A', has a face value of Rs. 5. The stock reached a 52-week high of Rs. 3013.95 on June 18, 2024, and a 52-week low of Rs. 1450.55 on November 1, 2023. Over the last week, the stock hit a high of Rs. 2850.00 and a low of Rs. 2741.85. The company's current market capitalization stands at Rs. 345,321.74 crore.
Promoters hold an 18.56% stake in the company, while institutional and non-institutional investors hold 68.14% and 13.30%, respectively.
In August 2024, Mahindra & Mahindra reported a 9% increase in total auto sales, including exports, reaching 76,755 units compared to 70,350 units in August 2023. Domestic passenger vehicle sales rose by 16% to 43,277 units from 37,270 units in the same month last year. The company's domestic commercial vehicle sales were recorded at 21,092 units.
Mahindra & Mahindra is the flagship company of the Mahindra Group, a Mumbai-based multinational conglomerate with diverse business interests, primarily focused on automobile manufacturing. It is one of India's leading automobile companies.