M&M rises as its Farm Equipment Sector reports 31% growth in tractor sales during January

Mahindra & Mahindra is currently trading at Rs. 1364.55, up by 12.35 points or 0.91% from its previous closing of Rs. 1352.20 on the BSE.

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Mahindra & Mahindra

The scrip opened at Rs. 1352.10 and has touched a high and low of Rs. 1371.00 and Rs. 1330.15 respectively. So far 26430 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1389.90 on 01-Feb-2023 and a 52 week low of Rs. 671.00 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 1389.90 and Rs. 1287.00 respectively. The current market cap of the company is Rs. 169515.52 crore.

The promoters holding in the company stood at 19.39%, while Institutions and Non-Institutions held 66.96% and 13.65% respectively.

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES) has reported its tractor sales numbers for January 2023. Domestic sales in January 2023 were at 27,626 units, as against 21,162 units during January 2022, showing a rise of 30.54%.

Total tractor sales (Domestic + Exports) during January 2023 were at 28,926 units, as against 22,682 units for the same period last year. Exports for the month stood at 1,300 units.

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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