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29-Sep2017

M&M catches speed on rolling out New Bolero Maxitruck Plus at Rs 5.24 lakh

Mahindra & Mahindra (M&M) is currently trading at Rs. 1242.75, up by 8.10 points or 0.66% from its previous closing of Rs. 1234.65 on the BSE.

The scrip opened at Rs. 1230.00 and has touched a high and low of Rs. 1243.00 and Rs. 1230.00 respectively. So far 200674 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. 1141.80 on 02-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1296.60 and Rs. 1225.00 respectively. The current market cap of the company is Rs. 77194.11 crore.

The promoters holding in the company stood at 26.73%, while institutions and non-institutions held 57.57% and 15.69% respectively.

M&M has launched the 'New Bolero Maxitruck Plus,' its extra strong city pickup priced at Rs 5.24 lakh for BS4, ex-showroom in Hyderabad. The new pickup scores high on parameters such as performance, profitability, reliability and comfort.

The Extra Strong Bolero Maxitruck Plus comes with a higher payload capacity of 1,200 kg and a large 40.6 sq. ft (3.7sq.mt) cargo box. It offers a fuel efficiency of 17.7 km per litre, making it an ideal pick-up for urban goods transportation. The Bolero Maxitruck Plus has over 10 lakh customers in India.

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.


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