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10-Aug2018

Mahindra Holidays & Resorts slips on reporting 58% fall in Q1 net profit

Mahindra Holidays & Resorts India is currently trading at Rs. 282.50, down by 7.55 points or 2.60% from its previous closing of Rs. 290.05 on the BSE.

The scrip opened at Rs. 286.80 and has touched a high and low of Rs. 286.80 and Rs. 276.10 respectively. So far 3546 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 404.00 on 16-Oct-2017 and a 52 week low of Rs. 271.00 on 23-Mar-2018.

Last one week high and low of the scrip stood at Rs. 296.35 and Rs. 276.10 respectively. The current market cap of the company is Rs. 3788.92 crore.

The promoters holding in the company stood at 67.34%, while Institutions and Non-Institutions held 19.59% and 13.08% respectively.

Mahindra Holidays & Resorts has reported 57.54% fall in its net profit at Rs 13.73 crore for the quarter ended June 30, 2018 as compared to Rs 32.34 crore for the same quarter in the previous year. Total income of the company decreased by 11.42% at Rs 242.33 crore for Q1FY19 as compared Rs 273.58 crore for the corresponding quarter previous year.

Mahindra Holidays & Resorts is India's leading player in the vacation ownership industry offering quality family holidays primarily through vacation ownership memberships.


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