Monday 1 August 2016

Mahindra Holidays & Resorts slips 1%

The company is planning to invest around Rs.550 crore.

Mahindra Holidays & Resorts India Ltd.
Mahindra Holidays & Resorts India slipped 1% to Rs.435 on BSE. The company is planning to invest around Rs 550 crore. The proposed investment is to add around 500-550 units.

The scrip opened at Rs. 448.9 and has touched a high and low of Rs. 448.9 and Rs. 432.5 respectively. So far 13767(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3899.66 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 474.95 on 23-Dec-2015 and a 52 week low of Rs. 262 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 452.55 and Rs. 420.65 respectively.

The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 14.89 % and 10.11 % respectively.

The stock is currently trading above its 50 DMA.

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