Shares of Mahindra Forgings Ltd and Mahindra Composites Ltd may continue to trade with positive momentum. The promoter-Mahindra Group-announced a share swap under which it will hand control of its domestic components business to the Spanish company. The Spanish company announced an open offer, which is at a premium to Friday’s closing price of the target companies.
Mahindra & Mahindra is an Indian automobile manufacturing corporation,It is one of the largest vehicle manufacturers by production in India.
MNM trading at Rs.968, opens at Rs.961.20 up by 2.29% from Friday's closing Rs.947.45,
Mahforg trading at Rs.69.25 up by 3.66% from Friday's closing Rs.66.85,
Mahincomp is locked under upper circuit of Rs.34.45.
No comments:
Post a Comment