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17-Aug2016

M&M trades in green on the bourses

Mahindra & Mahindra is currently trading at Rs. 1448.55, up by 4.55 points or 0.32% from its previous closing of Rs. 1444.00 on the BSE.

The scrip opened at Rs. 1444.00 and has touched a high and low of Rs. 1455.30 and Rs. 1435.05 respectively. So far 39803 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1508.80 on 09-Aug-2016 and a 52 week low of Rs. 1092.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1494.95 and Rs. 1412.20 respectively. The current market cap of the company is Rs. 90058.40 crore.

The promoters holding in the company stood at 25.41%, while Institutions and Non-Institutions held 55.73% and 13.65% respectively.

Mahindra Agri Solutions (MASL), a 100 percent agricultural commodities-focused subsidiary of automobile major Mahindra & Mahindra (M&M), is reportedly aiming to increase its revenue by threefold in the next three years. The company's turnover stood at Rs 900 crore in FY16.

The agri vertical started five years ago and the company has grown 12-fold in turnover for all businesses under it. MASL has recently launched four products under the processed dal category, under a NuPro brand - urad (black gram), moong (green gram), chana (Bengal gram) and masoor (pink lentil).

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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