01 Oct 2024

M&M Stock Gains as Farm Equipment Sector Shows 2% Growth in September Tractor Sales

Mahindra & Mahindra (M&M) is trading at ₹3140.15, rising by 43.95 points or 1.42% from its previous close of ₹3096.20 on the BSE. The stock opened at ₹3118.45, hitting an intraday high of ₹3147.05 and a low of ₹3096.25. A total of 38,717 shares have been traded so far.

M&M, a BSE group 'A' stock with a face value of ₹5, recently reached a 52-week high of ₹3221.10 on September 27, 2024, and a 52-week low of ₹1450.55 on November 1, 2023. The stock’s one-week high and low stood at ₹3221.10 and ₹3009.95, respectively. The company’s current market capitalization is ₹3,90,443.18 crore.

Shareholding includes 18.56% held by promoters, with institutions and non-institutions owning 68.14% and 13.30%, respectively.

M&M's Farm Equipment Sector (FES) has seen a 2.42% increase in total tractor sales, including domestic and exports, with 44,256 units sold in September 2024 compared to 43,210 units during the same month last year. Exports totaled 1,055 units, while domestic sales reached 43,201 units, up from 42,034 in September 2023.

M&M is the flagship of the Mahindra Group, a Mumbai-based multinational conglomerate, primarily engaged in automobile manufacturing and one of India’s leading auto companies.