M&M declines on reporting 15% fall in October sales

Mahindra & Mahindra is currently trading at Rs 1268.00, down by 35.40 points or 2.72% from its previous closing of Rs 1303.40 on the BSE.

The scrip opened at Rs. 1295.00 and has touched a high and low of Rs 1303.00 and Rs 1258.45 respectively. So far 91026 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1421.00 on 04-Sep-2014 and a 52 week low of Rs. 847.00 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 1322.90 and Rs. 1239.85 respectively. The current market cap of the company is Rs. 78471.92 crore.

The promoters holding in the company stood at 25.78% while Institutions and Non-Institutions held 56.61% and 12.28% respectively.

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has reported its auto sales numbers which stood at 42,776 units during October 2014, as against 50,558 units during October 2013, registering a fall of 15%. The Passenger Vehicles segment (which includes UVs and the Verito) sold 19,254 units in October 2014, as against 22,924 units during October 2013.

The company’s domestic sales stood at 40274 units during October 2014, as against 47,787 units during October 2013, registering a decline of 16%. In October 2014, the 4-wheelers commercial segment sold 14,812 units registering a fall of 15%, while the 3-wheelers sales declined 19% to 5,678 units in October 2014. Exports for the month stood at 2,502 units.

Mahindra & Mahindra (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.