Media report says that the company is working on developing petrol engines (1.5 litre and 1.6 litre) in-house and a 2.2-litre petrol engine in collaboration with Korean subsidiary SsangYong Motor Company (SMC).
Mahindra & Mahindra is planning to invest around Rs 1,000 crore in developing petrol engines over the next two to three years, according to reports.
Media report says that the company is working on developing petrol engines (1.5 litre and 1.6 litre) in-house and a 2.2-litre petrol engine in collaboration with Korean subsidiary SsangYong Motor Company (SMC).
Media report says that the company is working on developing petrol engines (1.5 litre and 1.6 litre) in-house and a 2.2-litre petrol engine in collaboration with Korean subsidiary SsangYong Motor Company (SMC).
Mahindra & Mahindra Ltd ended at Rs. 1211.9, down by Rs. 25.45 or 2.06% from its previous closing of Rs. 1237.35 on the BSE.
The scrip opened at Rs. 1237.35 and touched a high and low of Rs. 1239.3 and Rs. 1206.15 respectively. A total of 894834(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 75270.19 crore.
The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 1441.45 on 07-Aug-2015 and a 52 week low of Rs. 1092 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 1249 and Rs. 1187.1 respectively.
The promoters holding in the company stood at 25.53 % while Institutions and Non-Institutions held 55.76 % and 12.88 % respectively.
The stock traded above its 200 DMA.
No comments:
Post a Comment